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Baht opens stronger but could be pressured by vaccine issues


The baht opened at 31.12 to the US dollar on Tuesday, strengthening from 31.13 at close on Monday.

The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He said the baht would tend to move sideways, while players in the market were awaiting the outcome of the US Fed’s meeting.

Poon added that the baht would weaken from sale of stocks by foreign investors, after seeing the problems in vaccine procurement and distribution in Thailand.

Published : June 15, 2021

By : The Nation