Thai Baht likely to weaken further this week

0
407

BANGKOK, 10 August 2015 – The Thai baht is likely to decline further this week, while fluctuations in the Thai stock market will continue for another week.

According to Kasikorn Research Center (KRC), Thai stocks are subjected to listed companies’ financial statements, the U.S. Central Bank’s statement in terms of retail sales performance, and consumer confidence as well as the Gross Domestic Product of the Euro zone.

The KRC has meanwhile predicted that the Chinese Industrial Index will encounter the resistance and support levels of 1,440 and 1,410 respectively. The Thai Baht is expected to fluctuate between 35 to 35.25 baht against the greenback this week. The fluctuation of the Thai currency is said to be susceptible to similar factors as the Thai stocks.