# Baht could continue strengthening: market strategist

> The baht opened at 38.05 per dollar, strengthening from 38.29 as the dollar weakened in a risk-on market. A Krungthai strategist expected gains to be capped near 37.80 to 37.90 as importers buy dollars at month-end. Investors are also watching ECB and BoJ decisions.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/39407-baht-could-continue-strengthening-market-strategist
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Stronger baht levels modestly reduce Thai import costs for dollar-denominated feed, though month-end dollar demand may limit gains.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/thailand/economy/40021385

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