THB to EUR Exchange Rates & Currency Deals

Current market bias: Bearish Key drivers: - The European Central Bank (ECB) is holding rates steady, concerned the euro's strength may impact inflation, leading to lower demand for the euro. - The Thai Baht (THB) could see support from capital inflows and a strong current account surplus, buoyed by a weakening US dollar. - Despite some challenges in Thailand’s export growth, stable GDP projections support the THB. Near-term range: EUR/THB is expected to remain stable, with minimal volatility seen around the three-month average. What could change it: An unexpected ECB policy shift due to rising inflation could strengthen the euro, whereas heightened geopolitical tensions might pressure the euro further against the baht. --- EUR/THB market update: Bearish bias as ECB holds rates steady amid inflation concerns. THB benefits from capital inflows, strong current account. Near-term range expected to be stable, but risks arise from ECB policy shifts and geopolitical tensions.