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Thai Baht, Gold and Middle East Tensions: May 2025
Financial Markets Group Siam Commercial Bank (SCB Financial Markets) reported that the baht moved in a range of 33.00–33.70 baht per US dollar, with a tendency to strengthen compared to the previous period. This is a result of the depreciation of the US Dollar Index (Dollar Index) together with the price of gold in the world market that continues to rise. This situation occurred after news reports that Israel plans to attack nuclear facilities in Iran, sending global financia
May 21, 20252 min read
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