Thai Baht Strengthens Below 33.30 on Aug 5, 2026

Thansettakij•Economy•9d ago

Reader Briefing

The Thai Baht strengthened to 33.24 per US Dollar on August 5, 2026, driven by falling oil prices and hopes for US-Iran negotiations.

•The Thai Baht opened at 33.24 per US Dollar on August 5, 2026.
•Global oil prices for Brent and WTI dropped by more than 5% due to positive signals in US-Iran negotiations.
•The US Dollar weakened as US government bond yields declined.
•Analysts at Krungthai GLOBAL MARKETS and Kasikorn Research Center provided different projected movement ranges for the Baht.

•The Thai Baht opened at 33.24 per US Dollar on August 5, 2026.
•Global oil prices for Brent and WTI fell over 5% following progress in negotiations between the United States and Iran.
•US 2-year bond yields decreased to 4.20% and 10-year bond yields decreased to 4.63%.
•The US Dollar weakened, which pushed gold prices back to test the 4,150 dollar per ounce level.
•June JOLTS Job Openings in the United States decreased to 7.359 million positions and Factory Orders contracted 0.3%.
•The Dow Jones index rose 1.71%, S&P 500 increased 1.79%, and Nasdaq Composite surged 2.59%.
•Investors are monitoring Thailand's July CPI, expected to rise to 2.60%, and US Nonfarm Payrolls data.

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United States(สหรัฐฯ)ℹ️

A country involved in negotiations with Iran and whose economic data influences the US Dollar and the Thai Baht.

Iran(อิหร่าน)ℹ️

A country involved in negotiations with the United States regarding the Strait of Hormuz and commercial shipping freedom.

Middle East(ตะวันออกกลาง)ℹ️

A region where tensions are easing, contributing to the strengthening of the Thai Baht.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

A location regarding which the United States and Iran may reach an agreement on shipping freedom.

Federal Reserve (FED)(ธนาคารกลางสหรัฐ (FED))

The central bank of the United States whose interest rate policies affect the value of the US Dollar.

Krungthai GLOBAL MARKETS

A division of Krungthai Bank providing market analysis and currency range projections.

Krungthai Bank(ธนาคารกรุงไทย)ℹ️

The financial institution where Poon Panichpibool is a strategist.

Kasikorn Research Center(ศูนย์วิจัยกสิกรไทย)

An entity that estimated the movement range of the Thai Baht to be between 33.20-33.30 per US Dollar.

EIA

An organization that provides crude oil stock reports.

Poon Panichpibool(พูน พานิชพิบูลย์)

A monetary and capital market strategist at Krungthai GLOBAL MARKETS, Krungthai Bank.