Investments flow into stocks and bonds Pushing gold – the currency weakened today at 30.33-30.53 baht per dollar.
Dr. Jitipon Pruksa Metanan Chief Investment Strategy Team, EASY INVEST, SCB Securities (SCBS) revealed that Thai baht opened this morning, March 5, at 30.41 baht per dollar. Depreciated from the end of the business day close at 30.35 baht per dollar
Estimated Thai Baht framework during the day 30.33-30.53 baht per dollar
Global financial markets Adjust the image receiver to a higher degree last night. After Mr. Jerome Powell, president of the Federal Reserve. I saw the sellout of Bonds during this time and are keeping an eye on it. But he is not concerned with the inflation risk and believes the Fed’s current monetary policy is in the “appropriate” position.
The comments bolstered the United States ten years old Bond Yeel. The US S&P 500 index fell 1.34%, led by smaller and tech stocks, while the European STOXX 600 index experienced high volatility. But with the recovery of the Italian and Spanish markets, it fell only 0.32%.
Economic figures The number of new US Initial Jobless Claims has dropped to 7.45 lakh, while the number of durable goods orders (US Jan. Durable Goods Orders) rose 3.4% from the previous month. The US economy is recovering. Mixed with the volatile financial markets As a result, the dollar rose 0.7%, depressing the gold price to reach $ 1700 an ounce again.
The baht saw that there is a chance of depreciation following the direction of gold and dollar prices. Despite the capital inflow of both Thai stocks and Bonds for the second consecutive day. Look that during the day Thai baht has a chance to swing in a narrow frame Because there is a combination of support and resistance
While trading in the market is not very high. As most traders look forward to Friday’s economic stimulus and labor market outlook.
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