# SCB FM views the "baht" in the short term depending on the political situation. If the government is established quickly Likely to strengthen at 33.35-33.85 baht - Money & Banking Magazine

> SCB FM says the Thai baht's recent volatility reflects the dollar's direction on Fed hike expectations, a weaker yuan from China's slowing economy, and political factors affecting capital flows. It expects the baht to strengthen to 33.35-33.85 per dollar if a government is formed quickly, but weaken rapidly if formation is delayed or protests occur.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/35299-scb-fm-views-the-baht-in-the-short-term-depending-on-the-political-situation-if
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht lowers the local-currency cost of dollar-priced feed imports into Thailand, while political stalls push the other way. The effect on global feed prices is small.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/52236/

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