Thai baht predicted to move between 33.75-34.00 against greenback this week


BANGKOK, 29 June 2015 (NNT)-Kasikorn Research Center (KRC) has forecast that the resistance levels in the Thai stock market this week will be around 1,525– 1,535 points.

According to the KRC, the Stock Exchange of Thailand (SET) will also see support levels fluctuate between 1,508 to 1,490 points.

The fluctuations are subject to several factors, including the central bank’s economic forecast, to be released tomorrow, Greece‘s bailout negotiations, the U.S. economy in terms of its productivity and labor market trends as well as China’s, Japan’s and the European Union’s Purchasing Managers Indexes (PMI).

The Thai baht will likely move between 33.75-34.00 against the greenback this week.