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Baht’s strength to continue

Baht drops slightly after central bank’s ‘warning shot’

Monday’s strong baht showing to rise Bt30.66  from Bt30.67 per US dollar on Friday, Krung Thai Bank’s chief markets strategist Jitipol Puksamatanan said on Monday.

The baht has signed to continue its strength following capital inflow rising, although the resumption of US-China trade talks also points to a relaxing.

“We forecast the baht ranks between Bt30.60 and Bt30.70 per US dollar on Monday and will trade between Bt30.40 and Bt31.90 per US dollar in this week,” he said.

 

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