Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

Thai Baht: Oil risks point to weakness against US Dollar - MUFG

Source Fxstreet

MUFG’s Lloyd Chan notes that the Bank of Thailand (BoT) kept its policy rate at 1.00% for a fourth consecutive meeting and still expects modest Gross Domestic Product (GDP) growth in 2026 and 2027. AI-related export demand offers some support, but tourism and consumption are constrained by higher Oil prices and household debt. MUFG stays cautious on the Baht and keeps its USD/THB forecast unchanged.

Baht outlook weighed by low yields

"Meanwhile, the Bank of Thailand left its policy rate unchanged at 1.00% for a fourth straight meeting yesterday. This is in line with our expectations. The central bank expects Thailand’s GDP growth at 2.4% for 2026 and 2.1% for 2027."

"AI-driven demand could help support growth, with exports rising 24%yoy in September. However, the BoT noted that tourism and private consumption remain constrained by higher oil prices, elevated household debt and weak purchasing power."

"We remain cautious on the baht given the low yield, and we maintain our USD/THB forecast of 34.10 by end-2026, with risks tilted towards further THB weakness should the oil shock intensifies."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

3 Stocks That Can Benefit From SpaceX’s Surprise Q3 Earnings SpaceX’s latest earnings have given Wall Street a reason to revisit AI hardware stocks. Elon Musk’s company is preparing to spend billions more on computing infrastructure, and three US-listed stocks

Author Beincrypto

Oct 21, Wed

SpaceX’s latest earnings have given Wall Street a reason to revisit AI hardware stocks. Elon Musk’s company is preparing to spend billions more on computing infrastructure, and three US-listed stocks

SK Hynix Stock Jumps Nearly 6% After First 100 Trillion Won Quarter SK Hynix stock rose 5.67% from Tuesday’s close to 1.417 million won in early Seoul trading on Wednesday. The chipmaker had posted record quarterly sales of 104.6 trillion won ($78.9 billion) and forec

Author Beincrypto

Oct 28, Wed

SK Hynix stock rose 5.67% from Tuesday’s close to 1.417 million won in early Seoul trading on Wednesday. The chipmaker had posted record quarterly sales of 104.6 trillion won ($78.9 billion) and forec

Anthropic Held More Cash Than Nvidia and Apple Combined Ahead of IPO Anthropic’s cash and short-term investments reached $131.7 billion on June 30, topping Nvidia and Apple combined, per CNBC. Disclosed lease and spending obligations add up to about $587 billion.Anthro

Author Beincrypto

Oct 28, Wed

Anthropic’s cash and short-term investments reached $131.7 billion on June 30, topping Nvidia and Apple combined, per CNBC. Disclosed lease and spending obligations add up to about $587 billion.Anthro

Fed Holds Rates but Quietly Rewrites One Line. Bitcoin and Gold React The Federal Reserve (Fed) kept interest rates on hold at 3.75% to 4% on Wednesday. But two of its 12 voters wanted a hike, and they said so on the record.That split matters for anyone with a mortgage,

Author Beincrypto

Oct 29, Thu

The Federal Reserve (Fed) kept interest rates on hold at 3.75% to 4% on Wednesday. But two of its 12 voters wanted a hike, and they said so on the record.That split matters for anyone with a mortgage,

Musk and a Wall Street Billionaire Eye a Market Bitwise Says 99.9% of Americans Don't Know Elon Musk, billionaire investor Stan Druckenmiller and Bitwise Chief Investment Officer Matt Hougan all reacted on Thursday to the same deal. Intercontinental Exchange (ICE), owner of the New York Sto

Author Beincrypto

Yesterday 02: 49

Elon Musk, billionaire investor Stan Druckenmiller and Bitwise Chief Investment Officer Matt Hougan all reacted on Thursday to the same deal. Intercontinental Exchange (ICE), owner of the New York Sto

Popular Symbols