Baht to move 30.95-31.30 next week: KResearch
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Kasikorn Research Centre expects the baht to move in the range of 30.95-31.30 per US dollar next week.
Last week, the baht hit 31.20, the strongest level since September 2012.
The research house noted that foreign capital flows would remain volatile. Next week, several US economic indicators will be released including the consumer confidence index and new home sales. Thailand's export figure for May is also due next week.
KResearch expects a rebound in the Thai stock market, which has declined by 10.32 per cent month to date on capital outflows. It expects the SET index to move in the range of 1,380-1,460 points next week.
