Bank of Ayudhya PCLBank of Ayudhya's Global Markets Group is cited only as the source of the baht forecast, no company-specific development.
The Global Markets Group of Bank of Ayudhya, or BAY, expects the baht this week (5-9 October 2026) to move in a range of 33.30-33.85 baht per dollar, after the baht closed weaker at 33.55 baht per dollar last week, trading in a range of 33.45-33.71 baht per dollar and touching its weakest level in two months. The dollar index hit its highest level since May 2025, while US bond yields set new cycle highs, even though PCE inflation data came in below expectations and the ISM manufacturing index fell in September. The euro touched its weakest level in 17 months amid a sharp widening in the spread between French and German bond yields, after details of the French budget were poorly received by the market. Foreign investors sold 26.769 billion baht of Thai stocks and 10.068 billion baht of Thai bonds respectively. On the domestic front, the market will monitor September inflation, while the Bank of Thailand reported a current account surplus of 2.4 billion dollars in August.
Bank of Ayudhya PCLBank of Ayudhya's Global Markets Group is cited only as the source of the baht forecast, no company-specific development.
Dollar strength (DXY at highest since May 2025) and foreign outflows from Thai stocks/bonds keep the baht weak versus the dollar.
US bond yields set new cycle highs as the dollar index hit its highest since May 2025, pushing the 10Y yield up.