The Thai currency would move between Bt30.93 and Bt31.13 on Monday, Jitipol Puksamatanan, head of markets strategy at SCB Securities, said.
On Monday night, the S&P500 fell 0.2 per cent, while Stoxx Europe 600 was down by 0.6 per cent. This market situation was caused by investors’ concerns about economic recovery, as the Covid-19 crisis has not been solved.
The market situation also pressured the WTI crude oil price to decrease by 0.4 per cent to $42.8 per barrel.
At the same time, gold price rose by 0.2 per cent to $1,969 per ounce. The strategist added that total purchase of gold via exchange-traded funds was lower than the time when the Covid-19 crisis started.
The US Ten-Year Treasury yield stayed at 0.72 per cent, and the euro was at $1.19.
In Thailand, the baht would weaken if Asian stock markets shrank. However, the strategist advised investors to monitor US economic numbers to be announced this week.