Wednesday, July 28, 2021

business

Baht feels the pressure from Covid-19 situation


The baht opened at 32.36 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.28.

The Thai currency is likely to move between 32.30 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool said.

Poon reiterated that the baht was being pressured by the Covid-19 situation in Thailand and the slow distribution of vaccines. He predicted the crisis would worsen compared to the previous outbreaks, as the Public Health Ministry reported on Thursday that there were 7,058 Covid-19 cases in the past 24 hours.

Poon said the baht would reach 32.50 per US dollar after passing the 32.25 mark.

Published : July 08, 2021

By : The Nation