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SCB Financial Markets forecast the baht would trade between 37.55 and 37.85 per dollar on September 26, after it weakened to near 16-year lows the previous week. The bank flagged the upcoming Bank of Thailand policy meeting, August export data and US consumer confidence as key events.
The baht's weakness followed the Fed's rate hike and the sterling slump.
The forecast range signals a stable near-term baht outlook, so feed import costs in Thailand are unlikely to move sharply in the short run. Event risks around the policy meeting and export data could still shift the range.
en.moneyandbanking.co.thbank financeSep 26, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
