Baht remains unchanged

The baht is expected to move between 32.35 and 32.55 per US dollar today, and 32.15 and 32.75 this week, said Jitipol Puksamatanan, SCB Securities senior market strategist.
The baht this week would move in a narrow range, since exporters and importers have gradually left the market, causing the currency to move mainly in line with the stock market.
The currency is expected to strengthen if US financial policies are more relaxed than other big central banks, the strategist said.
He advised investors to monitor movement of the euro, which has been in positive territory after an improvement in the virus situation.
This week, Amazon, Facebook, Microsoft, Apple and Alphabet will announce earnings. Monetary Policy Committee meetings of the European Central Bank, the Bank of Japan, and the US Fed will be held as well.
In addition, initial jobless claims are expected to increase by 3.5 million, with 19 million receiving social security benefits.
On Friday, the US will start the “opening up of America again”.