Baht expected to strengthen against dollar in line with Asian currencies

The Thai currency is likely to move between 30.55 and 30.70 on Monday and between 30.25 and 30.75 this week, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.
At the same time, the baht has strengthened in line with other Asian currencies, due to support from foreign investment in bonds after the US election. Jitipol advised investors to monitor the capital and financial markets.
On Wednesday, the Reserve Bank of New Zealand will hold its monetary policy committee meeting. The market predicted that New Zealand would freeze the interest rate at 0.25 per cent or cut the rate by 0.10 percentage point.
Also, the US will announce its initial jobless claims this week on Thursday.
The senior director said that the US economy has continually recovered but the dollar has not. Jitipol added that the yen and euro this week were worth monitoring.
The dollar index this week would tend to move between 92 and 93 points, from the present 92.2 points.