Thai currency continues upward trend : National News Bureau of Thailand

Thai currency continues upward trend

BANGKOK, 20 August 2010 (NNT) - The Thai currency this morning opened at 31.54-31.56 THB against the USD with speculation that constant capital inflow will continue the trend.

Financial analysts of the Bank of Ayudhya reported this morning that the Thai baht opened at 31.54-31.56 THB per USD, close to yesterday’s closing and following last night's disappointing US economic figures.

The Thai baht has been forecasted to hit 31.50 THB today, shifting within the narrow range of 31.45-31.60 THB against the USD. Investors are advised to monitor foreign money inflow, which may push the Thai currency even higher.

The Japanese yen now stands at 85.34-85.41 JPY per USD while the Euro is at 1.2811-12814 USD per EUR.