The baht opened at 33.20 per USD on 3 September, up from 33.33 the previous close. TTB expects a 24-hour range of 33.10 to 33.50. Drivers: US 10-year yield hit 4.80%, a 19-month high, on inflation worries and Fed hike expectations, while weak US private payrolls (38,000 vs 47,000 forecast) pulled the dollar down. Foreign investors sold a net 655 million baht of Thai stocks the previous day. For an importer or exporter, this is a small intraday move; if you pay USD bills or hedge, the 33.10 to 33.50 band is the reference for this week.
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