Post by account_disabled on Jan 6, 2024 6:23:10 GMT
The baht is the strongest in 3 and a half months, keeping an eye on government formation - MPC meeting results. The baht strengthened the most in three and a half months, while the Thai stock index rose. Amid expectations of a Fed interest rate cut within this year. Kasikorn Research Center Summary of the movement of the baht value: The baht strengthened the most in three and a half months at 31.14 baht per dollar. The baht gradually strengthened. This is consistent with net buying pressure in the Thai stock market and bonds by foreign investors at the beginning of the week.
While the dollar There is a pressure C Level Executive List factor from speculation about the possibility of an interest rate cut by the Federal Reserve (Fed) after the US economic numbers. There is still a weaker direction than the market expected, such as slower inflation. and an increase in the number of people applying for weekly unemployment benefits. On Friday (June 14), the baht was at 31.16 baht per dollar. Appreciated compared to the level of 31.37 baht per dollar. On the previous Friday (June 7) usd-thb-16june For next week (June 17-21), Kasikorn Bank estimates the baht movement range at 31.00-31.40 baht per dollar.
Important domestic factors include the results of the MPC meeting. (June 19) and the formation of a government, while important foreign factors include signals about the trend of US interest rates. From the results of the Fed meeting (June 18-19), the US economic forecast and the new Dot Plot, as well as the results of the Bank of Japan's monetary policy meeting. In addition, the market may wait to follow trade issues between the US and trading partners. and the situation in the Middle East as well. US economic data section During the week, there were results from the New York Fed manufacturing activity survey. Philadelphia Fed Business Trends Survey Housing market index for June, information on home construction starts and second-hand home sales in May Including figures for net capital inflows into the US financial market in April.
While the dollar There is a pressure C Level Executive List factor from speculation about the possibility of an interest rate cut by the Federal Reserve (Fed) after the US economic numbers. There is still a weaker direction than the market expected, such as slower inflation. and an increase in the number of people applying for weekly unemployment benefits. On Friday (June 14), the baht was at 31.16 baht per dollar. Appreciated compared to the level of 31.37 baht per dollar. On the previous Friday (June 7) usd-thb-16june For next week (June 17-21), Kasikorn Bank estimates the baht movement range at 31.00-31.40 baht per dollar.
Important domestic factors include the results of the MPC meeting. (June 19) and the formation of a government, while important foreign factors include signals about the trend of US interest rates. From the results of the Fed meeting (June 18-19), the US economic forecast and the new Dot Plot, as well as the results of the Bank of Japan's monetary policy meeting. In addition, the market may wait to follow trade issues between the US and trading partners. and the situation in the Middle East as well. US economic data section During the week, there were results from the New York Fed manufacturing activity survey. Philadelphia Fed Business Trends Survey Housing market index for June, information on home construction starts and second-hand home sales in May Including figures for net capital inflows into the US financial market in April.