SCB Financial Markets expects the baht to be at 37.00-37.25 baht/dollar today.

Financial Market Group Siam Commercial Bank Evaluate the value of the baht today (25 April 2024) moving within the range. 37.00-37.25 baht/dollar

The value of the baht depreciated yesterday. After the US dollar index returned to strengthen slightly along with US government bond yields (Treasury yields) increasing. According to figures, durable goods orders came out better than expected.

The yen weakened above 155 per dollar, the weakest in 34 years. As a result, there is a chance that the Bank of Japan (BOJ) may intervene or adjust policy more.

Domestic factors Bank of Thailand (BoT) There is a view that reducing the policy interest rate will not help in reducing Thai household debt problems in the long run. Although it will help reduce debt burden in the short term.