Baht Weakens on Middle East Fears

MGR Online•Economy•2d ago

Reader Briefing

The Thai Baht weakened significantly against the US Dollar, closing at 32.72, primarily due to renewed concerns over the Middle East conflict and foreign investor outflows.

•The Thai Baht closed at 32.72 baht per US dollar on May 28, 2026, weakening from the previous day's close of 32.55.
•Renewed concerns over the Middle East situation, stemming from conflicting signals between the US and Iran regarding a peace deal, have driven market sentiment.
•Foreign investors were net sellers of Thai stocks and bonds, totaling 2,209 million baht and 2,574 million baht respectively.
•The trading range for the baht is projected to be between 32.60-32.90 baht per dollar for the following day.

Overview

•On May 28, 2026, Kasikorn Research Center revealed the closing rate of the Thai Baht.
•The Thai Baht closed at 32.72 baht per US dollar on May 28, 2026, due to market concerns.
•The market is concerned about the situation in the Middle East, following conflicting signals from the US and Iran.
•Foreign investors were net sellers of Thai stocks and bonds, totaling 2,209 million baht and 2,574 million baht respectively, impacting the Baht's strength.
•The strengthening US Dollar and Middle East concerns have caused the Thai Baht to weaken.
•Unconfirmed peace deal discussions between the US and Iran are contributing to market unease.
•Key factors to monitor include foreign fund flows, the Middle East situation, and Thailand's current account balance figures.

Full article content is available on the original source.

Read on MGR Online (Thai Version)View in Google Translate

Source: MGR Online (Original)

View Original Article

Key Entities

Organization

Kasikorn Research Center(ศูนย์วิจัยกสิกรไทย)ℹ️

A research center that analyzes economic trends and currency movements.

Person

Kanjana Chockpaiboonpun(นางสาวกาญจนา โชคไพศาลศิลป์)

a research executive at Kasikorn Research Center who provided the analysis on the Thai Baht's performance.