PATTAYA, Thailand – Kasikornbank (KBANK) expects the Thai baht to move within a range of 33.00–33.70 per US dollar in the week of June 29 to July 3, after the currency recently weakened to its lowest level in 13 months. The outlook reflects continued pressure from global market volatility and key external economic factors. The bank’s research unit said investors will closely watch Thailand’s current account balance for May, foreign fund flows, and geopolitical developments, particularly tensions in the Middle East, which remain a key driver of risk sentiment in regional currency markets.
On the US side, several major economic indicators are set to influence global currency direction, including job openings and labor turnover data for May, consumer confidence, manufacturing PMI and ISM indexes, as well as June non-farm payrolls, unemployment rate, and weekly jobless claims. Inflation data for June will also be closely monitored. Elsewhere, markets are awaiting additional signals from major economies, including Japan’s retail sales, eurozone consumer price inflation, and manufacturing and services PMI readings from China, Japan, the eurozone, and the United Kingdom. KBANK noted that the baht’s direction will remain sensitive to shifting capital flows and global risk appetite, with investor sentiment continuing to respond to both economic data and geopolitical uncertainty in the weeks ahead.
