During early Asian deals on Wednesday, the Thai baht edged down against the US dollar. The dollar-baht pair that closed yesterday's trading at 35.46 reached 35.6350 at 11:05 pm ET. This set a 1-week low for the Thai baht. On the downside, 35.70 is seen as the next target level for the Thailand currency.

Today, the central bank of Thailand is scheduled to announce its decision on interest rates. Analysts are expecting the bank to lower rates by 50 basis points, to 1 percent from the current 1.50 percent.

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