The baht opened at 32.68 per USD, slightly stronger than the prior close of 32.71, with a 32.50-32.80 range expected for 24 hours. Dollar strength is driven by safe-haven demand over US sanctions on Iran. Watch the US PCE inflation data on Wed 26 Aug and Fed Chair Kevin Warsh's speech at Jackson Hole on Fri 28 Aug, since both can move the baht. For importers paying in USD or exporters receiving it, the move is small today; consider forward cover if you have large USD payments or receipts in the coming weeks. Foreign investors sold 707 million baht of Thai bonds and bought 6,530 million baht of Thai stocks yesterday.