Baht Faces Pressure Ahead of Fed Interest-Rate Outlook
The Thai baht is expected to trade between 32.50 and 33.20 per US dollar from August 31 to September 4, according to Kasikorn Research Center.
Markets are closely watching foreign fund flows, Thailand's current account data, Middle East tensions, and key US economic indicators for clues on the Federal Reserve's interest-rate outlook.
The baht weakened last week as the US dollar gained ground amid changing expectations over the Federal Reserve's interest-rate outlook.
The Thai currency briefly strengthened at the start of the week due to concerns over volatility in US bond yields and market speculation about possible intervention measures by the US Treasury, but came under renewed pressure after the Bank of Thailand kept its policy rate unchanged at 1.00%.