The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He explained that the baht was moving in a narrow range, despite the weakening dollar and gold trade.

Also, the baht was affected negatively by the Covid-19 situation in Thailand, which had prompted foreign investors to sell their assets in the country.