PATTAYA, Thailand – The Thai baht opened slightly weaker on January 29 at 31.16 baht per U.S. dollar, compared with the previous close of 31.07, according to Krungthai GLOBAL MARKETS. The bank expects the currency to trade within a 31.05–31.30 baht per dollar range over the next 24 hours. The Fed signaled no urgency to cut rates further, stressing the need to closely monitor incoming economic data before adjusting monetary policy. As a result, Krungthai believes the baht is unlikely to strengthen decisively below 31.00 in the near term unless the dollar weakens sharply. From a technical perspective, the baht remains on a strengthening trend unless it clearly weakens beyond 31.50.