The baht closed today (April 25) at 37.01 baht per dollar. Appreciated from the morning opening level of 37.08 baht per dollar.
A money manager from Bank of Ayudhya said that in the morning, the baht weakened following the acceleration of US government bond yields. During the day, it moved within the range of 36.99-37.17 baht per dollar. which when it reaches the highest level of the day It began to gain strength to sell dollars. Therefore causing the market to close. The baht returned to strengthen near 37 baht per dollar.
Tonight, the market is waiting to see an important number, namely GDP for the 1st quarter of 2024 of the United States, which is the first preliminary estimate. Also tomorrow (26 April), the market will keep an eye on the results of the Bank of Japan (BOJ) meeting that How to decide on monetary policy? After the yen depreciated to 155 yen per dollar. This is the weakest devaluation in 34 years.
Money managers expect that tomorrow the baht will move in the range of 36.95-37.20 baht per dollar.
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Tags: baht closed today April baht strengthening dollar selling pressure
