The baht opened at 33.32 per dollar on 2 Sep 2026, down from 33.28 the previous close, with a 24-hour range of 33.15-33.45 expected. The dollar strengthened as global bond yields rose on inflation worries tied to renewed US-Iran strikes near the Strait of Hormuz. Markets now price a 66.4% chance the Fed raises rates 0.25% at its September meeting, up from 39.6% a week earlier. For SMEs that import inputs or pay dollar-linked costs, expect pressure on costs; exporters may get a slightly better baht rate. Watch the US jobs report due Friday 4 Sep.