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Krungsri expects baht to trade at 32.00-32.75, monitoring US inflation

Krungsri expects baht to trade at 32.00-32.75, monitoring US inflation

13 Sept 11:07 Key points summarised by AI
  • Krungsri projects the Thai baht to trade between 32.00-32.75/US$ this week, following its stronger close last week.
  • The US dollar weakened due to falling crude oil prices amid investor optimism for a potential US-Iran deal, though peace hopes remain fragile.
  • Global markets are closely monitoring US inflation data to gauge the Federal Reserve's future interest rate moves, especially after stronger-than-expected employment figures.
  • Domestically, Thailand's April CPI rose 2.89% year-on-year, the highest in over three years, driven by surging energy prices, while the Bank of Thailand forecasts 2.1% economic growth for 2026.
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