TMBThanachart Bank expects the baht to move in a range of 33.20 to 34.00 per US dollar this week. Key factors to watch include the tense situation in the Middle East, which remains highly uncertain despite diplomatic efforts between the US and Iran, along with reports that the US may expand military operations against Iran. Markets must also monitor the impact of Section 301 import tariffs that the US has imposed on 60 countries at rates of 10 to 12.5 percent, as well as the US composite purchasing managers' index for July, which surged to 53.6 points, the highest level in eight months, reflecting a recovery in the services sector but also raising the risk of inflation picking up again. Last week, the baht was highly volatile, weakening past 33.80 per US dollar, its weakest level in over 15 months, before strengthening back below 33.70 per US dollar late in the week on profit-taking.
TMBThanachart Bank Public Company LimitedBaht volatility and US inflation risk affect bank's FX and interest rate exposure, but no direct impact on TTB's operations.