thailandedition
Thai Baht Opens Weak at 31.14 Following Global Gold Drop

Thai Baht Opens Weak at 31.14 Following Global Gold Drop

Prachachat•Economy•20h ago

Reader Briefing

The Thai Baht opened weaker against the US Dollar at 31.14 on February 17, influenced by falling global gold prices and light trading due to Chinese New Year holidays.

  • •The Thai Baht opened at 31.14 baht per US dollar on February 17, weakening from the previous day's close.
  • •The Baht's depreciation is linked to a decline in global gold prices.
  • •Trading volume is light due to holidays in several countries celebrating the Lunar New Year.
  • •Russia and Ukraine are scheduled to hold peace talks mediated by the US in Geneva on February 17-18.

Overview

  • •On February 17, 2026, the Thai Baht opened at 31.14 baht per US dollar, due to the prior market close.
  • •The Thai Baht opened at 31.14 baht per US dollar, with support at 31.00 baht and resistance at 31.30 baht, resulting in a weaker opening.
  • •The Thai Baht weakened compared to the US dollar due to the downward trend in global gold prices.
  • •Global gold prices recently adjusted down to 4,974 US dollars per ounce, influencing currency movements.
  • •The US dollar strengthened slightly against major currencies, with trading being light due to Lunar New Year holidays in many countries.
  • •Russia and Ukraine are prepared to hold peace negotiations with the United States as a mediator on February 17-18, 2026, in Geneva, Switzerland.
  • •Key US economic data to be announced this week includes private sector employment figures and weekly jobless claims, in addition to the Fed meeting minutes from January 27-28.
  • •Foreign investors were net buyers of Thai stocks by 194.95 million baht and net sellers of Thai government bonds by 5,081 million baht yesterday, indicating portfolio shifts.

Full article content is available on the original source.

Read on Prachachat (Thai Version)View in Google Translate

Source: Prachachat (Original)

Key Entities

Organization

TTB(ทีทีบี)
TTB's treasury market and international transactions business unit, which provided an analysis on the Thai Baht's opening.
Fed(เฟด)ℹ️
The Federal Reserve, whose meeting minutes from January 27-28 are expected to be released this week.

Place

United States(สหรัฐ)ℹ️
The United States, acting as a mediator in upcoming Russia-Ukraine peace talks.
Russia(รัสเซีย)ℹ️
Russia, preparing to hold peace negotiations.
Ukraine(ยูเครน)ℹ️
Ukraine, preparing to hold peace negotiations.