Krungsri expects baht to trade at 32.00-32.75, monitoring US inflation
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Krungsri expects baht to trade at 32.00-32.75, monitoring US inflation
13 Sept 11:07Key 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.
Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.