PATTAYA, Thailand – Kasikorn Research Center reported that the Thai baht closed at 32.20 per U.S. dollar on 5 September, up from previous day’s close of 32.33. The baht’s appreciation was supported by record-high gold prices in the global market and net foreign purchases of Thai stocks, following a partial easing of political concerns after the parliamentary vote for the new prime minister.
Foreign investors bought a net 1,005.88 million baht of Thai stocks while selling 274 million baht in Thai bonds. For next week, the baht is expected to trade within a range of 31.80–32.80 per U.S. dollar. Key factors to watch include domestic political developments, foreign fund flows, and global gold prices.
Investors are also closely monitoring upcoming U.S. economic indicators such as consumer inflation forecasts, producer and consumer price indices for August, consumer confidence and inflation expectations for September, and weekly unemployment claims. In addition, markets await the European Central Bank meeting and China’s August economic data, including exports and price indices.
