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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid shifting dynamics in emerging markets, the Thai Baht is facing renewed pressure as foreign investors pull capital out of the country. According to reports, MUFG expects this weakness to persist, forecasting the USD/THB pair to trade at 33.80 over both 3-month and 12-month horizons. This bearish outlook is further evidenced by the GBP/THB pair holding firmly above the 44.00 level, highlighting the Baht's underperformance against major peers.
This decline occurs as regional sentiment is influenced by mixed manufacturing data from China, Thailand's primary trading partner, which printed at 50.3 in June 2026 per market data. Compared to regional peers, the Baht is grappling with structural challenges in capital flows, mirroring a broader trend of foreign portfolio rebalancing away from certain Asian markets in search of more stable returns.
Looking ahead, market participants are monitoring current support levels for the Baht as of July 3, 2026, while eyeing global catalysts. According to the economic calendar, the upcoming UK GDP release on June 30, 2026, could introduce further volatility to the GBP/THB cross. Traders should closely watch weekly foreign fund flow data as a primary indicator of whether the current downward pressure on the currency will accelerate.