Thai baht opened at 33.02 baht/USD on 10 August 2026, strengthening from Friday's close of 33.08. The move reflects broader USD weakness driven by disappointing US employment data (23,000 jobs lost in July vs. 80,000 expected), raising recession concerns and reducing odds of Fed rate hikes. Markets now price 56% probability of no Fed action in September. Thai SMEs exposed to USD costs (imports, debt) may face headwinds, while exporters benefit from baht strength. Key upcoming US inflation data (CPI on 12 Aug, PPI on 13 Aug) will guide Fed policy direction.