Sunday, August 01, 2021

business

Baht expected to weaken in short term


The baht opened at 31.43 to the US dollar on Thursday, strengthening slightly from Wednesday’s closing rate of 31.45.

The Thai currency is likely to move between 31.40 and 31.50 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He predicted that the baht would weaken in the short term due to the market situation and the Covid-19 crisis in Thailand.

However, Poon believed the baht would strengthen in the near future because of a weakening dollar as well as Covid-19 vaccinations for the general Thai public, which would draw investors back to the country.

Published : May 20, 2021

By : The Nation