Baht strengthens slightly

On Monday night, energy and technology stocks recovered, with the S&P 500 rising 0.4 per cent. However, the Euro Stoxx 600 decreased by 2.4 per cent.
The Brent crude oil price rose 5.9 per cent, for the fourth consecutive day, after crude oil stocks increased. Meanwhile, the US Ten-Year Treasury Bonds were stable at 0.63 per cent.
The dollar recovered by 0.2 per cent, compared to other main currencies, while emerging market currencies, such as the Indian rupee and Malaysian ringgit, recovered slightly.
The baht’s recent movement has depended on the stock market recovery and other Asian currencies, although foreign investors were seen returning to invest in Thailand, he said.
In the short term, investors must monitor the situation between the US and China, and also keep a close watch on US economic data, he added.