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Thursday, May 2, 2024

Baht dips further to 37 per dollar

Stronger US data, gold price prompt fall

An employee counts bundles of 1,000-baht banknotes at a gold shop in Yaowarat, Bangkok’s Chinatown. (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.

Sakkapop Panyanukul, senior director…

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