Thai Baht’s Surge at Risk From Turmoil, Top Forecaster Says

The Thai baht’s four-month rally is likely to falter as political turmoil is expected to weigh on the economy, according to the currency’s top forecaster.

The local currency may trade at 32.30 per dollar at the end of the year and into the first quarter of 2026, said Christoper Wong, senior FX strategist at Oversea-Chinese Banking Corp. That implies the baht would be just 0.7% stronger than its level on Monday, after surging more than 5% in the four months through June.