Baht facing unstable week amid upheaval

US policy rate cut potential factored in

- SOMRUEDI BANCHONGDUANG

Greater baht volatility is expected this week, pressured by domestic political instability and expectations of a US policy rate cut later this month.

Kasikorn Research Center (K-Research) anticipates that the baht will fluctuate within a wider range of 31.80-32.80 baht per US dollar, influenced by both domestic and external factors.

On the domestic front, political developments remain the key factor to watch as the House of Representatives prepares to vote for anew prime minister. Political uncertainty intensified over the weekend following the firing of premier Paetongtarn Shinawatra last week.