Thai baht opened this morning (28 Dec) at 30.07 baht / dollar, appreciating from the close of the business day before 30.09 baht / dollar.
Dr. Jitipon Pruksa Metanan Head of Financial Market Strategy and Investment Planning Team, EASY INVEST
SCB Securities (SCBS) said that the baht opened this morning (28 Dec) at 30.07 baht per dollar. Strong appreciation from the close of the business day before 30.09 baht per dollar. By assessing the baht frame between 29.90-30.10 baht per dollar.
This week (28 Dec – 1 Jan) recommended to keep an eye on the political movement of the United States. On Monday, Dec. 28, will be the last day that Mr. Donald Trump was able to get through this stimulus package. As of Wednesday, Dec. 30 is scheduled for the United Kingdom (UK) and the European Union (EU) to strike a Brexit deal, with no significant figures released for the economy.
On the short-term money market, it is believed that there will be some pressure from selling security assets to invest in risky assets at the end of the year. Profitability of the British Pound (GBP) is expected after the end of the Brexit deal. However, as this is New Year’s week, there will likely be some smaller transactions.
The dollar index frame this week is expected to be 89.5-90.5 points, current level 90.2 points.
The short-term baht moved in a narrow range. And only a new round of virus outbreaks in the country has come under pressure. Recommended to keep an eye on the direction of gold further as it starts to recover, it will be a boost for Asian currencies including the baht. At the same time, it is believed that Thailand’s international reserves will close at the end of this year at $ 2.6 billion, or about 50% of GDP, the highest in history. Which is a fundamental factor in the baht currency next year
The baht frame forecast this week is in the range of 29.80-30.20 baht per dollar.
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