# Baht strengthens against dollar on signs of foreign appetite for Thai stocks

> The baht opened at 38.14 per dollar, firmer than Friday's close of 38.34, as foreign investors returned to Thai stocks. A Krungthai strategist forecast a sideways range of 38.00 to 38.25 with resistance at 38.50. Upcoming ECB and BoJ meetings could add volatility.

- Date: 2022-10-25 · published 2022-10-25T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/39406-baht-strengthens-against-dollar-on-signs-of-foreign-appetite-for-thai-stocks
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer baht slightly lowers the local-currency cost of dollar-priced feed imports into Thailand.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/thailand/economy/40021351

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