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fxJun 26, 2026, 5:17 PM

Thai Baht Steadies After Below-Consensus Export Data – Commerzbank

Commerzbank notes Thailand's May exports rose 10.6% year-on-year, missing consensus and sharply slowing from April's 23.1% growth, though capital inflows are supporting the baht. The government projects 8% export expansion for 2026 on front-loading.

USDTHB

Commerzbank's Thailand desk reports that May exports climbed 10.6% year-on-year, falling short of market expectations and decelerating from April's strong 23.1% pace. Agricultural shipments were weak, but electronics remained resilient.

Despite the miss, the Thai baht has stabilized thanks to capital inflows. The government forecasts export growth of 8% in 2026, partly driven by front-loading of orders.

The data suggests the baht may remain range-bound near current levels in the near term, supported by inflows but capped by lingering export headwinds.

Source: FXStreet Forex News