# KBank expects the "baht" range next week to be at 32.50-33.30 baht, keeping an eye on the Fed-ECB-BOE meeting - Money & Banking Magazine

> Kasikorn Bank forecast the baht would trade between 32.50 and 33.30 per dollar in the week of January 30 to February 3, 2023. It highlighted the Fed, ECB and BoE meetings, US payrolls and Thai economic data as key drivers. The baht had touched a 10-month high of 32.57 earlier in the week before depreciating.

- Date: 2023-01-28 · published 2023-01-28T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/38062-kbank-expects-the-baht-range-next-week-to-be-at-32-50-33-30-baht-keeping-an-eye
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The baht's trading range matters for Thai feed importers paying in dollars for corn, soymeal and other ingredients. Expected central bank decisions point to a volatile dollar, which could shift Thai import costs.

## Read by commodity

- DXY: neutral
- USDTHB: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-30 | [BoE Expected to Hike Rates Amid Central Bank Meetings](https://feedsoft.ai/events/38017-boe-expected-to-hike-rates-amid-central-bank-meetings.md) | +0.5% | +2.1% |
| DXY | 2017-12-02 | [Baht expected to stay strong next week - ThaiResidents.com - Thai Local News - Thai News](https://feedsoft.ai/events/67744-baht-expected-to-stay-strong-next-week-thairesidents-com-thai-local-news-thai.md) | +1.0% | -0.5% |
| DXY | 2020-04-27 | [Yen in tight range before BOJ decision, markets await Fed and ECB \| 1330 & 101.5 WHBL](https://feedsoft.ai/events/53859-yen-in-tight-range-before-boj-decision-markets-await-fed-and-ecb-1330-and-101-5.md) | -0.8% | -1.5% |
| DXY | 2025-05-31 | [Ringgit expected to trade in cautious mode next week amid US tariff uncertainty \| The Star](https://feedsoft.ai/events/24944-ringgit-expected-to-trade-in-cautious-mode-next-week-amid-us-tariff-uncertainty.md) | -0.5% | -1.9% |
| DXY | 2020-03-03 | [Canadian dollar weakens as investors bet on Bank of Canada matching Fed rate cut - The Globe and Mail](https://feedsoft.ai/events/54361-canadian-dollar-weakens-as-investors-bet-on-bank-of-canada-matching-fed-rate.md) | +0.3% | +5.5% |

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/21591/

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