Baht strengthens slightly

The Thai currency is expected to move between 31.35 and 31.55, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities.
Yesterday night (Thailand time), the US stock market recovered from relaxed polices, helping the S&P 500 increase by 1.2 per cent. However, the Stoxx Europe 600 decreased by 0.1 per cent from a strengthened euro and pound.
The dollar meanwhile weakened and bond yields around the world remained at the same rate after the US Federal Open Market Committee (FOMC) approved a freeze on the interest rate, as numerous analysts expected, he said.
According to the FOMC, the average inflation target and yield curve could change in the future.
The dollar index fell to 0.45 per cent, its lowest point since May 2018.
In Thailand, the baht strengthened slowly, due to the purchasing of dollars.
Jitipol said investors would today monitor the announcement of German gross domestic product results in the second quarter, as well as US GDP.