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Baht registers gains as dollar weakens
The baht opened at 31.18 to the US dollar on Friday, strengthening from its close of 31.21 on Thursday.
The Thai currency is likely to move between 31.30 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said.
He explained that the baht had strengthened due to the weakening of the dollar.
Meanwhile, the Covid-19 situation in some countries had aggravated, and investors were waiting for new positive factors in the market. Overall, the financial markets were not ready for risk this time.
Poon predicted that the baht would weaken this Friday, because of purchase of dollars by some companies.
Published : April 30, 2021
By : The Nation