The baht opened at 32.85 per USD on 21 Aug, close to Thursday's 32.87 close. TTB expects a 32.70–33.00 range over 24 hours. Drivers: a slight dollar rebound after a 3-month low, oil up about 7% this week, and a hawkish Fed minutes tone. Watch Fed Chair Kevin Warsh's Jackson Hole speech and the late-month US inflation data. Foreign investors bought 960 million baht of Thai equities and sold 1.84 billion baht of Thai bonds the previous day. For a typical SME, this is a daily move with no action required; if you have USD payments or receipts, check your hedging and pricing against this range.