The baht next week (June 29 to July 3) is likely to move between Bt30.70 to Bt31.20 to the US dollar, according to Kasikornbank which added that related factors to monitor include Thailand’s economic report for May and inflation rate in June, and the US ISM Manufacturing Purchasing Managers Index, as well as employment numbers in the country.

The bank mentioned that other US economic numbers to monitor are the consumer confidence index this month, pending home sales report, factory orders, and the Fed meeting’s record.The baht this week (June 22 to 26) strengthened in line with other Asian currencies, due to the economic lockdown easing in several countries, as well as a confirmation that the US and China trade agreement will not be changed from what the two countries had agreed before.

Also, the baht has strengthened continually after the Monetary Policy Committee decided to freeze interest rate at 0.50 per cent.On Friday (June 26) the baht closed at Bt30.90 to the US dollar, after reaching Bt30.81, the highest point in five months, this week.

The previous Friday (June 19), the baht closed at Bt31.01 to the dollar.

Key economic data could influence baht next week