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Credit Suisse urges selling baht now

Investors who have overseas exposure should take advantage of the baht, which is close to this year's highest level, by swapping the local currency for the US dollar, says Credit Suisse Thailand.

The baht forecast is based on an assumption the US Federal Reserve's next rate hike is just around the corner, said Pornchai Prasertsintanah, managing director of Credit Suisse Thailand.

Credit Suisse forecasts the Fed will raise its policy rate twice more this year.

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