Baht weakens on poor outlook

TUESDAY, AUGUST 20, 2013
Baht weakens on poor outlook

Thai baht on Tuesday opened 0.54 per cent weaker from the previous closing, to 31.53 per US dollar.

 
 
According to Bank of Thailand's data, at 8.26am, the dollar/baht level was 0.67 per cent weaker from the end-July level.
Baht also weakened against the euro and Japanese yen; down by 0.59 pe rcent from the previous closing to 32.27 per 100 yen and down by 0.52 per cent to 42 against euro.
Treasurers attributed the weakening to poorer-than-expected economic figures in the first half.