SCB Financial Markets expects the baht to be at 36.90-37.15 baht/dollar today.

Financial Market Group Siam Commercial Bank Evaluate the value of the baht today (26 April 2024) moving in the range of 36.90-37.15 baht/dollar. The baht moves in the range. The US dollar index remained stable even though US Treasury yields rose quickly. After US core inflation The first quarter came out at 3.7% from the previous quarter, higher than the market expected, but GDP was 1.6% from the previous quarter (annualized), lower than the market expected.

However, after the economic numbers came out, the market revised its view on reducing interest rates. Federal Reserve (Fed) will be delayed, the first time may occur from November to December, while Tokyo’s general inflation came out at 1.8%, lower than expected. Today, keep an eye on the Bank of Japan (BOJ) meeting, which may maintain interest rates.