# The baht opened at 34.25 baht/dollar. Krungthai Bank sees a lack of support for the appreciation, keeping an eye on the ECB meeting. - Money & Banking Magazine

> The baht opened at 34.25 per dollar on July 27 after trading in a 34.16-34.32 range overnight. It briefly strengthened below the 34.20 support level after the Fed meeting, then weakened again as the dollar rebounded on the Fed chair's hawkish remarks.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/35301-the-baht-opened-at-34-25-baht-dollar-krungthai-bank-sees-a-lack-of-support-for
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Baht moves within this narrow range change Thai import costs for dollar-priced feed ingredients only marginally. Traders are watching the ECB decision for the next dollar direction.

## Read by commodity

- USDTHB: neutral

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/52036/

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