Thai baht opened strong at 33.32 baht/USD on August 3, 2026, strengthening from Friday's 33.40 close. The move follows weakening of the US dollar against the yen after US Treasury intervention and Bank of Japan currency support, combined with the Fed's hold on interest rates raising inflation control concerns. WTI and Brent crude fell 4% after Trump postponed Iran strikes. Key factors to watch: Thai July inflation data, geopolitical risk, foreign fund flows, and US economic indicators (jobs, ISM/PMI, China export figures).