Bangkok: The Thai baht strengthened against the dollar, as the outcome of tonight's Federal Reserve meeting shakes global markets. The Thai baht is trading at approximately 32.29-32.31 baht per US dollar this morning, strengthening from its previous closing level of 32.36 baht per US dollar. This reflects continued pressure on the US dollar due to a lack of significant supporting factors.

According to Thai News Agency, global investors are closely watching the outcome of the U.S. Federal Reserve (Fed) meeting, particularly signals regarding interest rates and the Dot Plot, which will reflect the outlook for the U.S. economy. The meeting occurs amidst ongoing tensions in the Middle East that remain a risk factor for global markets.

Despite this strengthening, the Thai baht is still subject to intraday volatility, influenced by global oil and gold prices, as well as capital flows from foreign investors. For today's trading range, the Thai baht is expected to remain between 32.20 and 32.50 baht per US dollar.

Key factors to watch include US economic data such as the producer price index and factory orders, which could influence the currency's direction in the coming period.