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US invasion adds support to strong local currency

Bangkok Post

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January 06, 2026

Global gold prices jump on news

- NAREERAT WIRIYAPONG SOMRUEDI BANCHONGDUANG

US invasion adds support to strong local currency

Tourists exchange money at a forex kiosk in Bangkok. The baht is expected to trade in a range of 31.00-31.85 to the US dollar this week.

(SOMCHAI POOMLARD)

The baht is expected to trade in a range of 31.00-31.85 to the US dollar this week, supported by a rally in global gold prices driven largely by the US invasion in Venezuela.

Kanjana Chockpisansin, head of banking and financial sector research at Kasikorn Research Center (K-Research), said the baht was bolstered by a sharp rise in global gold prices and continued capital inflows into the Thai bond market.

By midday yesterday, foreign purchases of Thai bonds tallied 1.4 billion baht, according to K-Research.

The Stock Exchange of Thailand (SET) also drew renewed foreign interest, climbing 1.8% to 1,282 points by midday.

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