The Financial Markets Group at Siam Commercial Bank expects the baht to move in a range of 33.35 to 33.60 per dollar today, with the baht weakening in line with higher crude oil prices after US President Donald Trump rejected Iran's proposal to end the war, though he said in an interview that he would hold further talks with Iran this week. Qatar is trying to help mediate, but the two sides remain far apart. Meanwhile, the US consumer confidence index for September came in at 48.1, down from the previous month, while durable goods orders for August were flat at 0%. On the domestic front, Thai exports grew 24.3% in August, driven by infrastructure and AI-related investment, but the country still posted a trade deficit for the month.
SCB expects baht to weaken in line with higher crude oil prices amid US-Iran tensions, with the pair seen at 33.35-33.60 per dollar.
