Wed, October 20, 2021


Baht could touch 30.20 to the dollar by year-end

The baht opened at 30.34 to the US dollar on Tuesday, weakening from 30.28 at close on Monday.

The Thai currency is likely to move between 30.25 and 30.45, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.
On Monday night, the S&P 500 index rose by 0.6 per cent, due to positive reports on development of a Covid-19 vaccine.
Meanwhile, WTI crude oil price increased by 1.1 per cent to the highest point since late September. Gold price shrank by 1.9 per cent.
In Europe, the Stoxx 600 index fell by 0.2 per cent, as investors are wary of investing in the region in the post-coronavirus era.
In the financial markets, the dollar strengthened by 0.2 per cent, compared to the other main currencies.
The US Ten-Year Treasury increased by 3 basis points to 0.85 per cent.
In Thailand, the baht weakened due the present dollar situation. Jitipol predicted that the baht at the end of this year would strengthen to 30.20 to the US dollar, supported mainly by capital inflows.

Published : November 24, 2020