Summary · why it matters
Kasikornbank, or KBANK, expects the baht to move within a range of 33.20 to 33.90 baht per US dollar next week, from October 5 to 9, 2026. The Kasikorn Research Center said the key factors to watch are Thailand's September inflation figures, unrest in the Middle East, and the direction of government bond yields worldwide, especially in the United States. On the US economic data front next week, the market will be watching the services PMI and ISM indexes, September consumer inflation expectations, the preliminary October consumer confidence index, weekly jobless claims, and the minutes of the US Federal Reserve meeting held on September 15-16. It will also be watching the September services PMI for China, Japan, the Eurozone, and the United Kingdom. As for the baht's movement over the past week, from September 28 to October 1, it weakened to 33.71 baht per US dollar, its weakest level in more than two months since July 27, 2026. The main pressure came from global oil prices surging on uncertainty in the Middle East after President Donald Trump rejected Iran's proposal to open the Strait of Hormuz, along with negative factors from global gold prices falling below 4,200 US dollars per ounce. On Friday, October 2, 2026, the baht closed at 33.58 baht per US dollar, compared with 33.36 baht per US dollar the previous Friday. Foreign investor portfolio positions between September 28 and October 2, 2026 showed net selling of 26,769 million baht in Thai stocks and capital outflows of 9,853 million baht from the Thai bond market, split into net selling of 9,848 million baht and 5 million baht in maturing debt instruments.
Kasikornbank Public Company Limited