The baht gained against the softening US dollar as some investors expect the US Federal Reserve to maintain its policy rate at its meeting scheduled for this week.
The baht opened at 35.38 to the dollar on Tuesday, appreciating from the previous day’s close of 35.58.
The local currency moved in a range of 35.28-35.45 to the dollar and closed at 35.35 on Tuesday.
Roong Sanguanruang, senior vice-president for global markets and research at Krungsri, said the strengthening baht was in line with the weakening dollar based on…
