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A finance executive from Bank of Ayudhya said that this morning the baht opened at 29.78 baht per dollar. Strongly compared to the market close at 29.84 baht per dollar. The baht appreciates a record as of May 2013 after selling dollars.
Moreover, investors are concerned about taking care of the baht less of the Bank of Thailand. You must keep an eye on the direction of foreign capital from selling gold to make a profit. After the gold price in the world market rose more than 30 dollars an ounce. Resulting in more selling pressure on the dollar Which will be another factor supporting the baht appreciation
However, during the day it is expected that the baht will move within the range of 29.70-29.90 baht per dollar.
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