Baht opens firm, but likely to weaken in the short term
The baht opened at 31.40 to the US dollar on Monday, unchanged from its close on Friday. The Thai currency is likely to move between 31.35 and 31.45 during the day and between 31.25 and 31.60 this week, Krungthai Bank market strategist Poon Panichpibool said.
He said the baht may weaken in the short term due to the intensified Covid-19 crisis in Thailand.
The baht could weaken slightly, as exporters aimed to sell the dollar when it touched 31.50 to the US dollar.
Another country where the currency could fluctuate was India, where the Covid-19 crisis was severe, he added.
