The baht opened at 33.13 per dollar on 23 Sep, up from 33.17 at Tuesday's close. TTB expects a 24-hour range of 33.00-33.30. The dollar firmed after Fed officials backed tighter policy and investors expect another rate rise this year. Foreign investors sold 796 million baht of Thai bonds and 3,000 million baht of Thai equities the previous day. For importers, the baht is roughly stable in the short term. Exporters should keep watching the 33.00 and 33.30 levels when pricing dollar receipts, and check the rate before converting large payments.
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