# Krungsri expects the baht to range this week at 35.80 - 36.35 baht per dollar, looking at the Fed paving the way to lower interest rates this September - Money & Banking Magazine

> Krungsri's Global Markets Group expects the baht to trade between 35.80 and 36.35 per dollar this week, after closing at 36.06. The US dollar strengthened against most majors last week, except the yen and Swiss franc, which rose as global stocks and commodities fell. US second-quarter GDP grew 2.8%, above expectations, and investors were awaiting the Bank of Japan meeting.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/29558-krungsri-expects-the-baht-to-range-this-week-at-35-80-36-35-baht-per-dollar
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Thai baht and yen moves affect the cost of imported feed inputs and the dollar-denominated value of Thai feed and meat exports. Fed and BOJ policy signals are the main near-term drivers of these currency moves.

## Read by commodity

- USDTHB: neutral

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2024/120786/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.