Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone 
US Stock Futures Steady as Middle East Tensions and Fed Minutes Keep Investors Cautious 
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
European Stocks Hold Steady as Consumer Shares Rise, AI Tech Selloff Weighs on Markets 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Asian Currencies Slip as Stronger US Dollar, Iran Tensions Pressure Regional FX 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
Oil Prices Jump as Middle East Tensions Shake Markets, AI Rally Loses Steam 
The USD/THB is expected to trade in a range of 32.5-33.0 at present, following a broader market tone. Further the THB exchange rate will continue running a tight correlation with the DXY Index, according to the latest report from Scotiabank.
The difference between the United States and other economies’ rates will narrow amid continued monetary policy convergence going forward, which will likely see the U.S. dollar index retreating towards 92 then.
Further, given Thailand’s solid fundamentals including hefty current account surplus, the Thai Baht is expected to outperform regional peers amid escalating US-China trade war. The latest election progress could prop up the THB as well.
In addition, the Bank of Thailand (BoT) is expected to leave its policy rate unchanged at 1.50 percent at its monetary policy meeting scheduled to be held on September 19 with an accommodative monetary policy stance. The BoT’s real policy rate will turn positive as Thailand’s CPI inflation is bound to ease moderately starting from September on the back of favourable base effect, the report added.
