USD/THB Forecast: Dollar Stalls Below 33.60. Can the Thai Baht Extend Its Recovery?
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USD/THB Forecast: Dollar Stalls Below 33.60. Can the Thai Baht Extend Its Recovery?
The US dollar edged higher against the Thai baht on Monday but struggled to hold its early gains. USD/THB traded at 33.520 at 08:31 GMT, after moving between 33.464 and 33.590. The modest rise left the dollar well below its recent highs around 33.80. Why Is USD/THB Struggling to Rise Above 33.60? Monday’s trading told a slightly different story from the headline gain. The dollar was up against the baht from the previous close, but it was also be…
Krungsri Bank forecasts the Thai baht to trade within the range of 33.30-33.85 baht/dollar this week, as investors monitor US inflation figures. Last week, the baht strengthened to its highest level in three weeks, following the US midterm election results. News report from the Global Markets Group, Krungsri Bank... (Read original news: Krungsri expects the baht to trade within the range of 33.30-33.85 this week, closely monitoring US inflation)
Kasikornbank (KBANK) indicated that the Thai baht was supported this morning by falling global oil prices after the US signaled willingness to negotiate with Iran. The bank estimates the baht's trading range today at 33.45-33.65 baht per dollar, but predicts limited strengthening following stronger-than-expected US employment figures, which supports the likelihood of a Federal Reserve interest rate hike in December. The post KBANK indicates limi…
On November 9, a news report from SCB Financial Markets (SCB FM) of Siam Commercial Bank estimated the Thai baht would trade within the range of 33.40-33.65 today.
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