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Mitsubishi UFJ: Thai baht and other Asian currencies against the US dollar are under pressure due to prolonged high US interest rates.

Mitsubishi UFJ: Thai baht and other Asian currencies against the US dollar are under pressure due to prolonged high US interest rates.

金十金十2026/06/25 02:08
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Golden Ten Data reported on June 25 that Mitsubishi UFJ Financial Group Senior Forex Analyst Lloyd Chan stated in a research report that, in an environment where US interest rates remain high for a longer period, the Thai baht and other Asian currencies are under pressure against the US dollar. He said that this “is likely to become a short-term downside pressure for regional currencies, especially for lower-yielding currencies.” Mitsubishi UFJ Financial Group maintains a negative outlook on the recent trend of the Thai baht. Chan said: “Although the Bank of Thailand expects economic growth to be stronger this year, there are still concerns that economic growth remains sluggish and uneven.”
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