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Baht ‘could weaken’ further


The baht opened at 31.30 to the US dollar on Thursday, weakening from Wednesday’s close of 31.22.

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The Thai currency is likely to move between 31.25 and 31.40 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He said the baht would weaken if the dollar continues to strengthen in line with the US Ten-Year Treasury yield growth and the overall market situation.

The baht is still under pressure as foreign investors offload Thai stocks, Poon added.

Published : May 13, 2021

By : The Nation