Baht strengthens slightly
The baht opened at 31.28 to the US dollar on Thursday, strengthening from its close of 31.33 on Wednesday. The Thai currency is likely to move between 31.20 and 31.35 during the day, Krungthai Bank market strategist Poon Panichpibool said.
He said the baht was facing several negative factors, such as the Covid-19 crisis in Thailand and in other countries.
Poon predicted that the baht would move in a wide range after importers bought the US currency as the baht strengthened to 31.15 per dollar.
He expected exporters to sell the baht when it weakens to 31.50 per dollar.
