Thoughts on Thai Baht and possible rate hikes

Watching the $USDTHB movement today, up +0.14% and touching 33.56. It's interesting to see this as the Bank of Thailand has been quite vocal about inflation, but consistently held rates. There's been a lot of talk about whether they'll be forced to hike soon, especially with other regional central banks starting to tighten or signal more hawkish stances.

I'm curious to hear how others are thinking about this. If the BoT does surprise with a hike, even a small one, what kind of short-term impact do you think that would have on $USDTHB? I'm trying to gauge if this current upward pressure is just general USD strength, or if there's some underlying anticipation building in the market regarding a potential BoT move. My watchlist is definitely centered on any shifts in their rhetoric going into the next meeting.