The baht is expected to depreciate to around 33.80 against the US dollar this week, driven by a firmer greenback following the temporary pause in the US-China tariff war. The baht opened at 33.38 per dollar on Tuesday, sharply down from Friday's close of 33.02, breaking the resistance level of 33.30 and testing the key level at 33.50, according to the Global Markets Division of Krungthai Bank. Over the past week, the Fed's cautious approach to rate cuts, combined with optimism over trade negotiations between the US and its key partners, as well as strong US economic data, contributed to the gradual dollar strengthening, he said.
Author: Somruedi Banchongduang
Published at: 2025-05-13 22:03:00
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