Baht Weakens to 33.46 Amidst Middle East Tensions, Testing 33.50

MGR Online•Economy•19d ago

Reader Briefing

Thai Baht weakens to 33.46 against the dollar, influenced by Middle East tensions and global gold prices.

•The Thai Baht closed at 33.46 baht per dollar on July 8, 2026, weakening by 0.5%.
•Global factors including rising US-Iran tensions and falling gold prices contributed to the Baht's depreciation.
•Foreign investors showed a net purchase of Thai stocks but a net sale of Thai bonds.
•Key upcoming economic data to monitor includes Chinese CPI and PPI for June, and US weekly jobless claims and existing home sales for June.

Overview

•On July 8, 2026, the Thai Baht tested the 33.50 level before closing at 33.46 baht per dollar.
•The Thai Baht depreciated by 0.5% relative to its closing price on the previous day.
•The Baht's weakening was attributed to global gold prices falling below $4,100 per ounce.
•The Baht's depreciation was also influenced by the weakening of other regional currencies.
•US Dollar received support due to increased tensions between the US and Iran, with President Donald Trump stating the ceasefire agreement with Iran had ended.
•Foreign investors bought a net of 3,225 million baht in Thai stocks.
•Foreign investors sold a net of 1,826 million baht in Thai bonds.
•The projected trading range for the Thai Baht tomorrow is estimated at 33.30-33.70 baht per dollar.

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Key Quotes

Kanlaya Chokpaipaisarnsilp

"The baht weakened today (July 8, 2026), testing the 33.50 level before closing at 33.46 baht per dollar, a 0.5% depreciation compared to yesterday's close of 33.31 baht per dollar."

เงินบาทวันนี้(8ก.ค.69)อ่อนค่าทดสอบแนว 33.50 ก่อนจะปิดตลาดที่ระดับ 33.46 บาทต่อดอลลาร์ฯ อ่อนค่าลง 0.5% เมื่อเทียบกับระดับปิดตลาดวานนี้ที่ 33.31 บาทต่อดอลลาร์ฯ

Key Entities

Organization

Kasikorn Research Center(ศูนย์วิจัยกสิกรไทย)ℹ️

Thai research institution that released a report on the Thai Baht's performance and market outlook.

Person

Kanlaya Chokpaipaisarnsilp(นางสาวกาญจนา โชคไพศาลศิลป์)

Executive Researcher at Kasikorn Research Center who provided insights on the Thai Baht's movement.

Donald Trump(โดนัลด์ ทรัมป์)ℹ️

President of the United States whose statements regarding Iran influenced the US Dollar.