BAY sees baht frame this week at 33.40–34.00, eyes Fed meeting to hold rates

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โดย Kaohoon·Read original
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Bank of Ayudhya estimates the baht's trading range this week at 33.40 to 34.00 per dollar. Investors are watching the US Federal Reserve meeting, which is expected to keep its policy rate at 3.50 to 3.75 percent and may express concern over rising inflation trends. The Bank of England and the Bank of Japan are also expected to hold rates. The European Central Bank kept its rate at 2.25 percent as expected and left the door open for another hike in February. On the domestic front, the Ministry of Finance raised its 2026 GDP growth forecast for Thailand to 2.5 percent from 1.6 percent, supported by recovering trade, investment, and consumption, along with government stimulus measures. June exports rose 20.8 percent year-on-year, while imports surged 50.3 percent, resulting in a trade deficit of 6.53 billion dollars. Last week, the baht closed weaker at 33.70 per dollar after touching its weakest level in 15 months, pressured by a broadly stronger dollar against all major currencies.

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