# US Election Pressures Dollar; Kasikorn Sees Baht Strengthening to 33.70 Baht

> The Thai baht strengthened to around 33.70-33.72 per US dollar on the morning of November 4, against a prior close of 33.74. Early US midterm vote counts showed Democrats leading, weighing on the dollar. Kasikorn and Krungthai see the baht trading in a 33.65-33.85 range, with the Fed and Middle East developments also in focus.

- Date: 2026-11-04 · published 2026-11-04T06:09:20.442Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/79207-us-election-pressures-dollar-kasikorn-sees-baht-strengthening-to-33-70-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and a firmer baht ease the local-currency cost of dollar-priced feed imports for Thailand, while a divided US Congress could limit fiscal and trade policy pushes that have moved agricultural markets.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-13 | [US dollar’s weakness among reasons for strengthening baht, says BOT](https://feedsoft.ai/events/28599-us-dollar-s-weakness-among-reasons-for-strengthening-baht-says-bot.md) | -0.9% | +0.5% |
| DXY | 2023-04-14 | [Ringgit continues to strengthen vs US dollar](https://feedsoft.ai/events/36680-ringgit-continues-to-strengthen-vs-us-dollar.md) | +0.6% | +0.5% |
| DXY | 2020-06-11 | [Baht strengthens as dollar falls after Fed meeting](https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting.md) | +1.2% | +0.8% |
| DXY | 2024-06-28 | [Australian Dollar strengthens further following US PCE figures — Octa](https://feedsoft.ai/events/30055-australian-dollar-strengthens-further-following-us-pce-figures-octa.md) | -0.7% | -0.5% |
| DXY | 2025-07-05 | [Colombian Peso Strengthens as US Dollar Continues to Decline](https://feedsoft.ai/events/24064-colombian-peso-strengthens-as-us-dollar-continues-to-decline.md) | +0.6% | +1.7% |

## Sources

- thansettakij.com: https://www.thansettakij.com/finance/672909

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