SCB Financial Markets sees baht in 33.35–33.60 per dollar range today

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The financial markets group at Siam Commercial Bank estimates the baht will move in a range of 33.35 to 33.60 per dollar today. The baht strengthened after tensions between the US and Iran eased, causing Brent crude oil prices to pull back quickly and the dollar index to weaken. However, overnight attacks resumed, keeping prices volatile. Meanwhile, the Federal Reserve voted 9 to 3 to hold interest rates at 3.50 to 3.75 percent, and Fed Chair Kevin Warsh said financial conditions have already tightened even without a rate hike.

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