The Financial Markets Group at Siam Commercial Bank assesses that the baht will move in a range of 33.15-33.40 baht per dollar today, with the baht strengthening again in line with slightly lower crude oil prices, while the US dollar index held steady and the yield on 10-year US Treasury bonds declined, following a sharp drop in UK government bond yields. The Bank of England kept interest rates at 3.75% and warned that it may raise rates if inflation picks up due to conflict in the Middle East, while the United States may postpone the announcement of tariffs on imports of goods with excess production capacity, at least until after the meeting between Trump and Xi Jinping.
UK 10Y gilt yields dropped sharply after BOE held rates at 3.75%
10-year US Treasury yield declined, tracking the sharp drop in UK bond yields
