Thai baht at two-week low as Asian forex end 2022 first week in red on hawkish Fed

BANGKOK, Jan 8 (Reuters): Most Asian currencies firmed slightly on Friday, but all the units were set to end the week lower due to lingering pressures of an increasingly hawkish Federal Reserve, while investors awaited US jobs data to assess the need for faster rate hikes.

For the first week of 2022, the Malaysian ringgit and the South Korean won are set to lose about 1% each, and the Thai baht is eyeing its worst weekly decline since early December even after a positive start.