Bangkok: Kasikorn Research Center forecasts that the baht will continue its strong performance this week. The focus will be on Thailand’s June 2025 inflation figures, the expiration of US tax measures in 90 days, and domestic political developments. The baht is projected to fluctuate between 32.00 and 32.80 baht to the dollar, while the Thai stock index is expected to find support at 1,100-1,110 points, with resistance at 1,145-1,160 points.

According to Thai News Agency, last week saw the baht reach its strongest level in approximately nine months before retreating slightly due to better-than-expected US labor market figures. Despite this, the baht remains robust, with limited recovery for the dollar as market participants await the outcomes of trade negotiations involving the US and several other countries, with a deadline set for July 9.

Kasikornbank anticipates that during the week of July 7-11, the baht will trade within the anticipated range of 32.00-32.80 baht per dollar. Key factors to watch include
Thailand’s June inflation data, outcomes from US-Thailand trade discussions, foreign fund flows, and global gold price trends. In the US, significant economic indicators include June’s consumer inflation expectations, weekly jobless claims, and minutes from the Federal Reserve meeting held on June 17-18. Additionally, the market is observing China’s June consumer and producer price indexes, alongside the US-Thailand trade negotiations.

The Thai stock index experienced gains for most of last week but saw a reduction towards the end as investors remained vigilant regarding US tax policy outcomes, particularly the negotiations between Thailand and the US. Foreign investors continued to offload Thai stocks.

For the week of July 7-11, Kasikorn Securities Co., Ltd. predicts the Thai stock index will have support at 1,110 and 1,100 points, with resistance at 1,145 and 1,160 points. Significant factors for consideration are Thailand’s Consumer Price Index for June, the expiry of US retaliatory tariffs on July 9, do
mestic political situations, and the movement of foreign capital. In the US, crucial economic data includes June’s consumer inflation expectations, the Federal Reserve meeting minutes from June 17-18, and weekly jobless claims. Other global economic factors to monitor are the Eurozone’s retail sales for May, Japan’s Producer Price Index for June, and China’s Consumer and Producer Price Indexes for June.