Covid situation in Thailand limiting bahts rise
The baht opened at 31.19 to the US dollar on Tuesday, strengthening from 31.24 at close on Monday.
The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said.
He explained that the baht was moving in a narrow range, despite the weakening dollar and gold trade.
Also, the baht was affected negatively by the Covid-19 situation in Thailand, which had prompted foreign investors to sell their assets in the country.
