The baht opened at 30.20 to the US dollar on Thursday, unchanged from its closing rate on Wednesday.
The Thai currency is likely to move between 30.10 and 30.30 on Thursday, predicted Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.
On Wednesday night, financial markets fluctuated over the state of Brexit and after US President Donald Trump found fault with a fresh US stimulus package. However, the S&P and Stoxx 600 indexes rose by 0.07 and 0.98 per cent, respectively.
Meanwhile, there were 803,000 initial US jobless claims announced this week, better than some observers’ expectations. Also, durable goods orders increased by 0.9 per cent in November.
The US Ten-Year Treasury yield rose by 3 basis points to 0.95 per cent, while the dollar weakened by 0.4 per cent compared to other main currencies with high risk, such as the New Zealand and Australian dollars.
Jitipol said the baht has “almost not been affected” by the result of the Monetary Policy Committee meeting on Wednesday. However, Thailand’s Ten-Year Treasury yield was at 1.13 per cent, the lowest point since April, reflecting investors’ concern about a new wave of Covid-19 in the country, he added.
