Group 1 - The Thai baht has depreciated by 0.5% against the US dollar [1] - Ongoing border conflicts between Thailand and Cambodia have not yet been resolved [1]

Core Viewpoint - The Thai Baht has declined from a three-year high due to escalating conflicts between Thailand and neighboring Cambodia [1] Currency Impact - The exchange rate of the Thai Baht against the US Dollar fell by 0.3% to 32.29, after previously reaching a high of 32.11, marking the strongest level since February 2022 [1]

Core Viewpoint - The Thai Baht has experienced a decline from a three-year high, underperforming against other Asian currencies, as traders assess the impact of the conflict between Thailand and Cambodia [1] Currency Performance - The US Dollar has risen by 0.2% against the Thai Baht, reaching 32.23, after previously dropping by 0.2% to its lowest level since February 2022 [1] - The Thai Baht's performance is notably weaker compared to other Asian currencies during this period [1]

Core Viewpoint - The Bank of Thailand and the Ministry of Finance are discussing measures to address currency fluctuations that are inconsistent with fundamental factors, particularly the impact of gold prices on the Thai baht [1] Group 1 - The Deputy Governor of the Bank of Thailand, Roong Mallikamas, highlighted that gold prices are a non-fundamental factor influencing the baht's movements [1] - Authorities are seeking ways to reduce the correlation between the baht's fluctuations and non-fundamental issues [1] - Roong emphasized that the baht should act as a shock absorber rather than an amplifier, indicating that non-fundamental issues need to be addressed [1]

Core Viewpoint - The Bank of Thailand and the Ministry of Finance are actively discussing measures to address the mismatch between the Thai baht's exchange rate fluctuations and the economic fundamentals, with a focus on the impact of gold prices on the baht [1][2]. Group 1: Exchange Rate Dynamics - The Thai baht has appreciated approximately 11% over the past year, making it one of the strongest currencies in Asia [1]. - The baht has risen about 5.5% against the US dollar this year, raising concerns among Thai businesses regarding its impact on exports and tourism [2]. Group 2: Government and Central Bank Actions - The Bank of Thailand is prepared to take necessary actions to control excessive fluctuations in the baht that are disconnected from economic fundamentals [2]. - The central bank aims to maintain exchange rate stability while balancing various economic objectives, including preventing drastic capital flow changes and ensuring domestic economic stability [2]. Group 3: Gold Price Influence - Gold prices are identified as a non-fundamental factor influencing the baht's exchange rate, with discussions ongoing about reducing the correlation between gold prices and the baht [1]. - Thai investors typically sell gold when prices rise, converting the dollar proceeds back to baht, which can support the baht during gold sell-offs, but also exposes it to non-economic influences [1].

Core Viewpoint - The Bank of Thailand and the Ministry of Finance are discussing solutions to address the inconsistency between fundamental factors and exchange rate fluctuations, particularly the impact of gold prices on the Thai baht [1] Group 1: Exchange Rate and Gold Price Impact - The Deputy Governor of the Bank of Thailand, Roong Mallikamas, highlighted that gold prices are a non-fundamental factor influencing the Thai baht's performance [1] - Authorities are seeking ways to reduce the correlation between gold prices and the Thai baht [1] - The Thai baht has appreciated approximately 11% over the past year, making it one of the best-performing currencies in Asia, while gold prices reached record levels in April [1] Group 2: Policy Measures and Economic Role - Roong emphasized that the Thai baht should act as a shock absorber rather than amplifying shocks, indicating that non-fundamental issues need to be addressed [1] - Specific measures being planned to tackle these issues have not been disclosed, nor has a timeline for their announcement been provided [1]

Core Viewpoint - Thailand's consumer price index (CPI) in June experienced a decline that exceeded expectations, leading to a slight depreciation of the Thai baht [1] Group 1: Economic Indicators - The consumer price index (CPI) in Thailand fell more than anticipated, indicating potential deflationary pressures in the economy [1] - The decline in CPI may influence monetary policy decisions moving forward, as central banks often respond to inflationary or deflationary trends [1] Group 2: Currency Impact - Following the unexpected drop in CPI, the Thai baht experienced a minor short-term decline against other currencies [1] - Currency fluctuations may affect foreign investment and trade dynamics, as a weaker baht could make Thai exports more competitive [1]

Group 1 - The Thai Baht has depreciated by 0.5% against the US Dollar, reaching a level of 32.5350, which is the lowest since July 1 [1]

Core Viewpoint - The Thai Baht is expected to perform poorly due to potential economic slowdown and other risks [1] Economic Outlook - Thailand's economic growth may slow down, impacting the performance of the Thai Baht [1] - The Constitutional Court's suspension of the Prime Minister could delay the passage of the national budget, potentially leading to reduced fiscal support and further economic slowdown [1] Currency Forecast - Mitsubishi UFJ forecasts the USD/THB exchange rate to be 33.20 in Q3 and 33.50 in Q4 [1]

Group 1 - The Thai baht has weakened following the Constitutional Court's decision to suspend Prime Minister Prayuth Chan-o-cha from exercising his duties [1] - This political uncertainty may impact investor confidence and economic stability in Thailand [1] - The suspension of the Prime Minister could lead to potential shifts in government policies and economic strategies [1] Group 2 - The market reaction to the news indicates a potential increase in volatility for Thai assets [1] - Analysts are closely monitoring the situation for further developments that could affect the Thai economy [1] - The decision may influence foreign investment flows into Thailand, depending on the political landscape [1]