Economists credit the Thai currency’s movement to a stronger dollar Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy. Kobsidthi Silpachai, head of capital markets research at Kasikornbank (KBank), predicts the baht will depreciate to a range of 36.50-38 against the greenback within the next month. Continued increases of the federal funds rate will result in the dollar appreciating compared with other currencies, including the baht, he said. The baht is expecte…