Thai Baht hits six year high – 31.05 to the US dollar

Thai economy improved in June says Bank of Thailand

Thai economy improved in June says Bank of Thailand In June 2020, the Thai economy improved from the previous month due to the gradual relaxation of lockdown measures both in Thailand and abroad, supporting economic activities to resume operations In June 2020, the Thai economy improved from the previous month due to the gradual relaxation…

Worries over economic recovery put pressure on the baht

Baht strengthens in opening trade

Baht strengthens in opening trade The baht opened at 31.44 to the US dollar this morning (July 29), strengthening from Friday’s close of 31.69. The Thai currency is expected to move between 31.35 and 31.85, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities. On Tuesday night (Thailand time), the S&P500 decreased by 0.6…

Thailand’s financial system more vulnerable amid COVID-19: BoT

Thailand’s financial system more vulnerable amid COVID-19: BoT Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook due to impacts caused by the COVID-19 pandemic, according to the Bank of Thailand (BoT). Bangkok (VNA) – Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook…