(Photo: Apichart Jinakul)The baht continues to weaken against the US currency, falling to 37.04 per dollar as the US bond yield rises in line with improving economic data. The baht opened at 37.07 to the dollar on Tuesday, depreciating from Monday's close of 36.96, then registered gradual strengthening. The value of the baht fluctuated in a range of 36.91-37.50 per dollar during trade on Monday. Mr Poon said the baht will possibly weaken as the dollar strengthens and the gold price declines. As a result, Thai gold traders imported the commodity, which further weakened the baht against the dollar.

Source: Bangkok Post October 04, 2023 18:10 UTC