22 Jan 2021
Financial Markets
The Baht rebounded slightly after having fallen earlier in the week in line with other regional currencies amid a number of risks. These include concerns about the economic impacts from the COVID-19 pandemic, problems concerning COVID-19 vaccinations in many countries, and the US political situation... Read more
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15 Jan 2021
The Baht traded in a narrow range, but rose slightly later in the week. The Baht fell in line with the weaker Yuan and other regional currencies while the US dollar gained its strength on the rising US bond yields and buying orders amid US political uncertainty. However, the Baht pared losses somew... Read more
8 Jan 2021
The Baht weakened at the end of the week. The Baht rose early in the week in line with the Yuan and other regional currencies while the US dollar had no new supportive factors. The Thai currency then pared gains along with weakening regional peers, as well as net foreign selling orders for Thai bon... Read more
18 Dec 2020
The Baht broke the THB30.00/USD level. The Baht traded in a narrow range earlier in the week, before strengthened later and hit a 7-1/2 year high of THB29.76/USD on the back of the US Treasury report on macroeconomic and foreign exchange policies of major trading partners of the US that added Thail... Read more
11 Dec 2020
The Baht gradually strengthened to test the THB30.00/USD level before a long holiday in Thailand. The Baht rose on weaker US dollar sentiment and the US dollar sell-offs from exporters. In addition, the Baht’s gains were led by foreign net buying orders for Thai stocks on Tuesday and for Thai bonds... Read more
4 Dec 2020
The Baht gradually strengthened in line with other regional currencies against the safe-haven US dollar. Meanwhile, the US dollar faced sell-offs amid hopes towards COVID-19 vaccines and easing monetary policy stance signaled by the Fed Chairman. In addition, the US dollar was under pressure from w... Read more
27 Nov 2020
The Baht edged slightly stronger, but the trading range remained narrow during the week. Most market participants kept an eye on the domestic political situation and signals from the relevant authorities to lessen the currency’s volatility. Meanwhile, foreign fund inflows slowed, especially in the b... Read more
20 Nov 2020
The Baht rebounded despite the BOT’s measures to mitigate pressure on the currency. The Baht hit a new 10-month high of THB30.14/USD on net foreign stock and bond buying orders, as well as the appreciation of other Asian currencies due to encouraging news about COVID-19 vaccines. However, it weaken... Read more
13 Nov 2020
The Baht hit a 10-month high of THB30.175/USD before paring gains somewhat. The Baht strengthened early in the week along with other Asian currencies, after Democrat Joe Biden won the 2020 presidential election and there was positive news about the COVID-19 vaccine. The Baht was also supported by h... Read more
6 Nov 2020
The Baht broke the THB31.00/USD level, boosted by stronger Yuan and other Asian currencies. Meanwhile, the US dollar faced sell-offs amid expectations that Democrat Joe Biden would be the winner of the 2020 presidential election. The Baht also gained on hefty net foreign bond buying orders of THB25... Read more
30 Oct 2020
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22 Oct 2020
16 Oct 2020
The Baht weakened. The Baht weakened early in the week in line with other regional currencies, including the Yuan after the PBOC announced a cut in FX forward reserve requirements to 0%, from the previous 20%. The Baht also fell on net foreign stock selling orders. However, the Baht traded in a narr... Read more
25 Sep 2020
The Baht pared losses somewhat, after having hit an almost 2-month low of THB31.67/USD. The Baht weakened along with falling risky assets and other regional currencies. Its sentiment was also weighed down by domestic political factors. Meanwhile, the US dollar rose on concerns about the global econo... Read more
18 Sep 2020
The Baht strengthened further in line with the Yuan and other regional currencies, supported by news regarding the development of COVID-19 vaccines. Meanwhile, the US dollar faced sell-offs after the Fed signaled an easing monetary policy stance and vowed to keep low interest rates for a longer peri... Read more
11 Sep 2020
The Baht traded in a narrow range, but rose slightly against the US dollar. The Baht edged up early in the week in line with net foreign bond buying orders, as well as other Asian currencies, including the Yuan. Meanwhile, the US dollar faced sell-offs especially against the EUR after the ECB kept i... Read more
3 Sep 2020
The Baht weakened against the US dollar. It hit a 1-week low of THB31.45/USD before long holidays. The Baht fell along with net foreign stock selling orders, while the US dollar rose on stronger-than-expected US ISM and PMI manufacturing surveys. The Baht sentiment was also weighed down by concerns ... Read more
28 Aug 2020
The Baht strengthened along with other regional currencies, including the Yuan, following positive signals seen in the US-China Phase 1 trade deal review and technically buying-orders during the week. The Baht extended gains later in the week and hit a 1-week high of THB31.16/USD, while the US dolla... Read more
21 Aug 2020
The Baht weakened against the US dollar. The baht briefly rose early in the week, as the US dollar fell along with US bond yields on the back of disappointing US economic data. However, the Baht tumbled later in the week amid concerns about domestic factors, including the political and COVID-19 situ... Read more
14 Aug 2020
The Baht rose slightly, while the US dollar dropped on US-China tensions before the scheduled meeting to discuss about the progress of Phase 1 trade deal. The US dollar also faced sell-offs amid concerns about the US new stimulus measures due to different stances between the White House and Congress... Read more
7 Aug 2020
The Baht fell later in the week, after having risen in early to mid week along with other regional currencies. In addition, the Baht was partially supported by the rising global gold prices. It broke the THB31.00/USD to hit a new 1-month high of THB30.98/USD. However, the baht pared gains somewhat l... Read more
17 Jul 2020
The Baht weakened to a 1-1/2 month low last week. The Baht depreciated continuously amid domestic pressures, including concerns over the risk of a second wave of COVID-19 in Thailand and domestic political issues. In addition, the Baht was pressured by technical factors after the Baht broke the key ... Read more
10 Jul 2020
The Baht weakened to a 1-month low last week. The Baht depreciated amid the US dollar buying orders after the Baht broke the key THB31.15/USD level early in the week. In addition, mounting concerns over the impact of worsening COVID-19 situation, especially in the US, on the global recovery supporte... Read more
3 Jul 2020
The Baht traded at the weaker side of THB31.00/USD in line with some other regional currencies. The Baht also fell after the Bank of Thailand signaled that a stronger Baht could have negative impacts on Thailand’s economy, while related officials have considered needed measures to help stabilize the... Read more
26 Jun 2020
The Baht rose in line with other regional currencies amid easing lockdown measures. The Asian currencies were also supported by an assurance that the phase one US-China trade deal is still intact. The Baht rose slightly after the BOT’s MPC kept its policy rate unchanged at 0.50%. However, the Baht’s... Read more
19 Jun 2020
The Baht traded in a narrow range against the US dollar. The Baht weakened early to mid-week along with other regional currencies, as the US dollar gained as a safe-haven currency amid worries about a second wave of the COVID-19 pandemic, especially in the US and China. The US dollar was also suppor... Read more
12 Jun 2020
The Baht broke the THB31.00/USD level to hit an over 4-month high of THB30.83/USD. The Baht rose early in the week in line with net foreign bond purchases, US dollar sales coming from exporters, as well as technical US dollar selling orders. In addition, the US dollar faced sell-offs after the Fed s... Read more
5 Jun 2020
The Baht hit the strongest level in 2-1/2 months, as the currency traded near THB31.45/USD. The Baht rose along with other regional currencies, as well as net foreign Thai stock and bond buying orders. The Baht gained, although the Bank of Thailand (BOT) has signaled to closely monitor the Bath’s mo... Read more
29 May 2020
The Baht gradually rose after having fallen early in the week on sell-offs of Thai stocks and bonds by foreign investors. Meanwhile, the US dollar was supported by its safe haven appeal amid rising tensions between the US-China. The Baht rebounded later in line with other regional currencies on hope... Read more
22 May 2020
The Baht gradually strengthened, but pared gains somewhat at the end of the week. The Baht rose early in the week in line with the recovery of risky assets on hopes for the COVID-19 vaccine, which supported other regional currencies, as well. In addition, the sell-offs of US dollar by exporters and ... Read more
15 May 2020
The Baht rose against the US dollar, and hit a 2-month high of THB32.02/USD around mid-week. The Baht rose amid net foreign bond buying orders and signs for reopening economic activities in many countries. Meanwhile, the US dollar fell on a disappointing US April CPI data, posting the biggest drop i... Read more
8 May 2020
The Baht rose to a 1-1/2 month high against the US dollar. The Baht edged down early in the week in line with net foreign stock and bond selling orders, while the US dollar rose as a safe-currency on worries about the global economic recession. However, the Baht rebounded strongly later in the week,... Read more
24 Apr 2020
The Baht rose slightly before paring gains somewhat later in the week. The Baht strengthened during early- to mid-week amid US dollar-selling orders from exporters, and net foreign bond buying orders. The Baht and other regional currencies also gained along with other risky assets, led by oil prices... Read more
17 Apr 2020
The Baht traded in a narrow range but rose slightly later in the week. The Baht weakened earlier in the week amid concerns about the impacts of COVID-19 on the global economy, including that of Thailand. However, the Baht recovered later in the week on USD-selling orders from exporters, while the US... Read more
10 Apr 2020
The Baht rose against the US dollar. The Baht gained early in the week along with other Asian risky assets on the back of hopes that the COVID-19 outbreak would lessen in many countries. Meanwhile, the US dollar faced sell-offs later in the week, after the Fed unveiled new relief measures worth USD2... Read more
3 Apr 2020
The Baht weakened against the US dollar. The Baht was pressured by concerns over the economic impacts of COVID-19 worldwide, including Thailand, as well as net foreign stock and bond selling orders. In addition, the Baht fell along with other regional currencies. However, the Baht pared losses somew... Read more
27 Mar 2020
The Baht recovered, after having briefly weakened to THB33.00/USD amid concerns over negative impacts of the COVID-19 outbreak in Thailand, and net foreign fund outflows. The Baht, however, rebounded later in the week, as the US dollar tumbled on the Fed’s announcement on the unlimited QE measures. ... Read more
20 Mar 2020
The Baht continued to weaken against the US dollar. The Baht fell along with net foreign stock and bond buying orders, as well as concerns about the Thai economic outlook due to the COVID-19 outbreak. The Baht hit a 15-month low of THB32.74/USD before rebounding somewhat later in the week, after sev... Read more
13 Mar 2020
The Baht weakened against the US dollar. The Baht fell while the global and Thai financial markets were highly volatile amid rising concerns towards the WHO’s announcement that the COVID-19 outbreak entered the pandemic phase. The Baht was also pressured by weak regional currencies, and net foreign ... Read more
6 Mar 2020
The Baht moved in the tight range throughout the week, although it strengthened at the end of the week. The Baht was under pressure (in line with other regional currencies) from concerns over the economic impact of the COVID-19 outbreak, while net foreign selling orders for Thai stocks and bonds dur... Read more
28 Feb 2020
The Baht rebounded later in the week, having recouped losses during early to mid-week, after the Baht weakened in line with other regional currencies amid growing concerns about the COVID-19 outbreak outside of China. The Baht also fell on net foreign selling orders for Thai stocks and bonds. The Ba... Read more
21 Feb 2020
The Baht weakened along with the Yuan and other regional currencies amid concerns about the COVID-19 outbreak situation, after there was an increase in COVID-19 infections outside China. In addition, the Baht fell on technical selling orders, after it broke the THB31.50/USD level. Signs of a weak ec... Read more
14 Feb 2020
The Baht rose slightly against the US dollar. The Baht was supported by net foreign buying orders for Thai bonds and strong regional currencies earlier in the week after a report showed that the rate of Coronavirus (COVID-19) infections slowed somewhat. However, news that there was a surge in COVID-... Read more
7 Feb 2020
The Baht weakened later in the week. The Baht rose slightly early in the week due to position adjustments before the BOT’s MPC meeting. However, the Baht dropped later during the rest of the week after the BOT decided to cut its policy rate to 1.00%, while the BOT governor said that although the Bah... Read more
31 Jan 2020
The Baht weakened in line with other regional currencies amid concerns over the economic impact of the novel coronavirus outbreak. In addition, the Baht was weighed down by net foreign stock selling during the week, and domestic US dollar demand at the month-end. ... Read more
24 Jan 2020
The Baht fell against the US dollar. The Baht rose early in the week along with regional currencies amid profit-taking on the US dollar’s gains fueled by strong US economic reports released before. However, the Baht reversed those gains and fell in line with Asian peers, led by the Yuan, on the back... Read more
10 Jan 2020
The Baht rebounded later in the week. The Baht moved within a tight range early in the week before hitting a 1-month low of THB30.37/USD in line with weak regional currencies amid concerns over rising tensions in the Middle East, as Iran attacked US troops in Iraq in response to US airstrike on Janu... Read more
3 Jan 2020
The Baht reversed gains and weakened against the US dollar in the first two trading days of the year, but it continued to be traded in a narrow range. The BOT signaled to closely monitor its movement after the Baht broke the THB30.00/USD level to hit a 6-1/2 year high of THB29.75/USD amid thin tradi... Read more
27 Dec 2019
The Baht rose to test THB30.15/USD amid the US dollar’s sell-offs on the back of weaker-than-expected US durable goods and new home sales data. However, the Baht’s weekly movement was tight due to thin trading volume before the year-end holidays. ... Read more
20 Dec 2019
The Baht rose to test the THB30.15/USD. The Baht strengthened on the back of strong regional currencies, led by the Yuan amid news reports that the US and China were close to finalize the first phase of a trade deal. The US dollar faced sell-offs after the Fed signaled that it would not raise its p... Read more
13 Dec 2019
6 Dec 2019
The Baht weakened against the US dollar. The Baht faced sell-offs early in the week in line with falling safe-haven currencies and assets, triggered by stronger-than-expected Chinese PMI data. The Baht fell further later in the week to a 1-month low of THB30.38/USD, after the BOT signaled to closely... Read more
29 Nov 2019
The Baht traded in a narrow range almost all trading days of the week. The Baht fell early in the week after both the US and Chinese Presidents signaled a possible trade deal between the two countries. The US dollar also gained on stronger-than-expected 3Q-2019 GDP and October durable goods orders d... Read more
22 Nov 2019
The Baht traded in a narrow range. The Baht fell early in the week on the back of positive developments for the first phase of the US-China trade deal. However, the Baht rebounded and traded in a tight range later in the week after the US President Donald Trump threatened to raise tariffs on importe... Read more
15 Nov 2019
The Baht strengthened against the US dollar. Regarded as a safe-haven currency, the Baht rose in line with the JPY amid concerns about the US-China trade talks. The US President Donald Trump said earlier in the week that there was no agreement yet to roll back tariffs on imported goods from China, a... Read more
8 Nov 2019
The Baht fell to THB30.43/USD, the weakest level in 3 weeks. The Baht faced hefty sell-offs after the BOT’s MPC decided to cut its policy rate to 1.25% and relaxed rules to facilitate capital outflows and lessen pressure on the Thai baht. Moreover, a weaker Baht was also in line with other safe-have... Read more
1 Nov 2019
The Baht traded in a narrow range near THB30.15/USD, which is the strongest level in over six years. The Baht briefly fell early in the week in line with a weaker JPY, which was seen as a safe-haven currency after the US and China signaled that they were close to finalize some parts of their trade d... Read more
25 Oct 2019
The Baht hit a new 6-year high. The Baht rose along with other regional currencies amid foreign investors’ net buying orders for Thai bonds early in the week. Meanwhile, the US dollar fell on weak US economic data, reinforcing expectations that the Fed would cut its benchmark rate further at the FOM... Read more
18 Oct 2019
The Baht rose to test the THB30.25/USD level last week. The Baht briefly fell early-to mid-week in line with other regional currencies amid concerns about the slower global growth outlook. However, the Baht rebounded later in the week on the back of the US dollar’s sell-offs due to weak US economic ... Read more
11 Oct 2019
The Baht weakened late last week after hitting an over 6-year high of THB30.25/USD. The Baht rose early in the week as a safe-haven currency amid concerns about conflicts between the US and China over their trade renegotiations, as well as between the EU and UK on the BREXIT issue. However, the Baht... Read more
4 Oct 2019
The Baht strengthened late last week. The Baht fell early to mid-week on weak regional currencies, and risky assets amid heightened trade war tension, concerns over BREXIT, and an economic slowdown in the US and Eurozone. The Baht also tumbled along with net foreign stock selling orders. The Baht, h... Read more
27 Sep 2019
The Baht fell to the weaker side of THB30.60/USD last week. The Baht weakened on the back of net foreign stock and bond selling orders during the week. Meanwhile, most Asian currencies were weighed down by uncertainties about the global economic outlook, and the UK’s BREXIT solution. The US dollar a... Read more