Baht continues to advance

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

The baht opened at 33.25 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 33.31.

Baht continues to advance

The Thai currency is likely to move between 33.15 and 33.35 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted.

Poon said that the baht is likely to swing sideways while the Omicron situation might pressure the baht to weaken.

However, foreign investors did not worry about the Omicron situation and continued to invest in Thai stocks this week.

Moreover, Poon said that the baht might strengthen because investors are selling gold while the dollar is weakening. 

The baht’s key support level would be from 33.10 to 33.20, the level some importers are waiting for so they can buy dollars, he added.

Related News

Baht strengthens as market opens amid more risks

Baht likely to continue drifting sideways across New Year

Baht continues to strengthen despite Omicron situation

The key resistance level for the baht would be from 33.40 to 33.50 to the dollar, which is the level at which exporters might sell the US currency. 

Published : January 05, 2022


Leave a Reply

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

You are commenting using your 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