Wide range of baht movement expected
The Thai currency should move in the range of 30.80-31.20 per US dollar next week, as the market will fall under the influence of economic indicators in several countries, said Kasikorn Research Centre.
Next week, to be released in the US includes the non-farm payroll in September, consumer confidence index in October, durable goods orders and home sales.
Thailandâ€™s preliminary trade figures for September will also be released as well as the Bank of Thailandâ€™s revised economic forecast for 2013.
Early last week, the baht strengthened to 31 per US dollar as the world awaited good news on debt ceiling talks in the US. It ended at 31.04 last week, compared to 31.25 in the previous week.