Thai Baht Opens at 32.55 Amid US-Iran Ceasefire Talks

MGR Online•Economy•1d ago

Reader Briefing

The Thai Baht shows flexibility, influenced by US-Iran ceasefire negotiations and mixed US economic data.

•Krungthai GLOBAL MARKETS reports the Thai Baht opened at 32.55 Baht per US Dollar on May 29, 2026.
•Market sentiment is swayed by news of a 60-day ceasefire extension agreement between the US and Iran.
•Mixed US economic data, including Q1 GDP growth and jobless claims, alongside inflation figures, are being closely watched.
•The Baht faces a potential two-way risk in the short term, dependent on Middle East developments and Fed policy outlook.

•On May 29, 2026, Krungthai GLOBAL MARKETS stated the Thai Baht opened at 32.55 Baht/USD.
•The market movement is influenced by news of a potential MOU between the US and Iran to extend a ceasefire for 60 days.
•The Thai Baht's opening rate was 32.55 Baht/USD, a strengthening from the previous day's close of 32.69 Baht/USD.
•The Baht's trading range is expected to be between 32.45-32.70 Baht/USD in the next 24 hours.
•Recent US economic data showed mixed results, including Q1 GDP growth of +1.6% and higher-than-expected jobless claims.
•US PCE inflation for April rose to 3.8% as expected, but its monthly momentum slowed to 0.4%, below market expectations.
•Market participants will monitor US Durable Goods Orders and statements from FED officials for monetary policy insights.
•The Thai Baht faces two-way risks in the short term, contingent on Middle East developments, particularly the US-Iran ceasefire talks.

Full article content is available on the original source.

Krungthai GLOBAL MARKETS

A market strategy division of Krungthai Bank that provides analysis on currency markets.

Krungthai Bank(ธนาคารกรุงไทย)ℹ️

The parent financial institution of Krungthai GLOBAL MARKETS, a major state-owned bank in Thailand.

Mr. Poon Panishbua(นายพูน พานิชพิบูลย์)

A market strategist at Krungthai GLOBAL MARKETS, Krungthai Bank, who provided the financial analysis.

Strait of Hormuz(ช่องแคบ Hormuz)ℹ️

A critical maritime chokepoint located at the mouth of the Persian Gulf, relevant to the article's discussion on geopolitical risks and trade.