BANGKOK (NNT) – The Kasikorn Research Center (KResearch) has indicated that the Thai baht is expected to fluctuate within the range of 36.65-36.85 baht per dollar this week as markets await the outcomes of crucial monetary policy meetings in Thailand and the United States scheduled for midweek.

Thai Baht on the verge of weakening amid poor economic indicators

Key factors to monitor this week include foreign capital flows, gold prices, regional currencies, and the decisions from Thailand’s Monetary Policy Committee (MPC). Significant international economic factors include meeting minutes of the Federal Open Market Committee (FOMC), China’s May consumer and producer price indices, and the U.S. May consumer price index.

A financial strategist from Krungthai GLOBAL MARKETS at Krungthai Bank noted that the baht’s depreciation might slow as market participants might not make significant adjustments to their currency holdings until the U.S. CPI report and the FOMC meeting results are released.

Full story: National News Bureau of Thailand

Naark Rojanasuvan
National News Bureau of Thailand