ttb Forecasts Thai Baht Volatility 33.30-33.90

Thansettakij•Economy•20h ago

Reader Briefing

TMBThanachart Bank forecasts the Thai Baht to fluctuate between 33.30 and 33.90 Baht per US Dollar this week.

•The Thai Baht is expected to move within the range of 33.30-33.90 Baht per US Dollar.
•External factors including Middle East conflicts, energy prices, and Fed policies are driving volatility.
•US inflation figures for June were lower than market expectations.

•The Money Market and International Transaction Department of TMBThanachart Bank (ttb) assesses the Thai Baht will move between 33.30-33.90 Baht per US Dollar this week.
•The Thai Baht weakened compared to the previous week and moved above the 33.60 Baht per US Dollar level.
•Tensions in the Middle East pushed crude oil and energy prices higher, while global gold prices decreased, pressuring the Thai Baht to weaken.
•US Consumer Price Index (CPI) and Producer Price Index (PPI) for June were lower than market expectations.
•US retail sales in June expanded by 0.2% from the previous month, aligning with market expectations.
•Lower US inflation figures led investors to reduce expectations that the Fed would further increase interest rates.
•TMBThanachart Bank (ttb) identifies key factors to monitor as Middle East developments, oil and gold prices, foreign fund flows, and Fed official statements.

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TMBThanachart Bank(ธนาคารทหารไทยธนชาต)ℹ️

A bank that provided the currency assessment for the Thai Baht.

ttb(ทีทีบี)

An abbreviation for TMBThanachart Bank.

Money Market and International Transaction Department(ฝ่ายธุรกิจตลาดเงินและธุรกรรมระหว่างประเทศ)

The department within TMBThanachart Bank that assessed the Thai Baht's movement range.

Federal Reserve(ธนาคารกลางสหรัฐ)ℹ️

The US central bank whose monetary policy and official statements influence the Thai Baht.

Fed

An abbreviation for the Federal Reserve.

Middle East(ตะวันออกกลาง)ℹ️

A region where conflict is creating uncertainty and impacting energy prices.

United States(สหรัฐ)ℹ️

A country whose inflation and retail sales data impact the US Dollar and global markets.