The Thai currency is likely to move between 31.30 and 31.45 during the day and between 31.20 and 31.50 this week, Krungthai Bank market strategist Poon Panichpibool said.

He said the dollar would tend to be stable or weaken, depending on the market situation and recovery of the European economy.

Poon said the financial fluctuation in Asia caused by Covid-19 would prompt foreign investors to sell their assets in Asian markets. He suggested that Thai investors monitor trading of foreign currencies as it could weaken the baht.