Wednesday, July 28, 2021

business

Baht opens stronger, boosted by gold trade


The baht opened at 31.28 to the US dollar on Friday, strengthening from Thursday’s close of 31.31.

The Thai currency is likely to move between 31.25 and 31.35 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He said the baht was still fluctuating between 31.20 and 31.40 to the US dollar, as the dollar's direction was not clear. Also, the Thai currency was supported by gold trade, the market strategist added.

Poon said that exporters aimed to sell their dollars when the baht moves between 31.40 and 31.50.

Published : May 28, 2021

By : The Nation