The baht moved from about 33 to 32.70 per dollar in a short period, driven by US debt worries and gold's rise rather than Thai domestic factors. SCB FM says gold and the baht are now moving closely together. US data came in weak and markets have cut expected Fed hikes to one, while SCB FM expects no hike. For a Thai SME, a stronger baht cuts baht earnings on dollar sales and imports cost less. Review your pricing and currency exposure, and avoid locking in dollar revenue assumptions at the old rate.