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The baht opened at 31.17 per US dollar on May 12, weakening from Tuesday's close of 31.10. Krungthai Bank expects it to trade between 31.15 and 31.25 during the day.
The bank said the baht could weaken if foreign investors keep selling Thai stocks, and that exporters' dollar selling should limit the move.
The expected trading range is narrow, so feed buyers face little change in baht-denominated import costs. The article is routine currency commentary with no new driver.
nationthailand.comMay 12, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
