Baht boosted by weaker dollar, but likely to weaken in second quarter #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/news/30404436

Baht boosted by weaker dollar, but likely to weaken in second quarter

NationalApr 02. 2021

By THE NATION

The baht opened at 31.20 to the US dollar on Friday, strengthening from its close of 31.31 on Thursday.

The Thai currency is likely to move between 31.15 and 31.30 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He explained that the baht had strengthened due to the weaker dollar and the fall in the price of gold. However, the baht could weaken if the dollar strengthened again.

Poon also predicted that several foreign currencies would be purchased in the next few months for the purpose of paying dividends, and the baht would weaken more from this financial activity.

He said that during April and May, dividend payments would total more than Bt54 billion, and the second quarter would see the baht weaken the most.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s