Thai Baht Strengthens Against US Dollar, Factors to Watch Today – Bank of Ayudhya Money Manager Updates Market Trends

A money manager from Bank of Ayudhya revealed that the baht opened this morning’s market at 33.75 baht / dollar, strengthening from yesterday evening’s close at 33.84 baht / dollar.

This morning, the baht continued to strengthen from yesterday. And during the opening of the market, it was the strongest level in 3 months. However, the baht Appreciating against other currencies in the region. This morning, there was a flow from foreigners to buy Thai bonds. which today is still a factor that needs to be monitored

At the same time, the market is waiting to see the US April inflation numbers. Including keeping an eye on the US debt ceiling problem as well

Money managers expect the baht to move today within a range of 33.70 – 34.00 baht/dollar.

THAI BAHT FIX 3M (May 8) was at 1.79856%, while THAI BAHT FIX 6M was at 1.86625%.

The latest SPOT is at 33.66500 baht / dollar.

• important factor

• The yen was at 135.11 yen/dollar from the evening at 135.03/04 yen/dollar.
• The euro was at $1.0987/euro from an evening session of $1.1038/1039.
• Thai baht/dollar exchange rate The BOT’s interbank weighted average was at 33.934 baht/dollar.
• The U.S. dollar strengthened against major currencies in trading at the New York Stock Exchange on Monday (May 8).

c.) driven by rising US Treasury yields

• The Federal Reserve (Fed) released its semi-annual financial stability report on Monday (May 8), saying that in

Overall, the US banking sector remains in good shape. and able to withstand the recent turbulence

• A report by the Federal Reserve (Fed) warned that banks’ concerns about slower economic growth

Slowing down could cause banks to lend less. which will further accelerate the economic slowdown and the commercial real estate sector, which has

that high risk will be increasingly scrutinized by regulators in the banking sector

• The U.S. Department of Labor releases the Consumer Price Index (CPI), a measure of inflation driven by consumer spending.

April on this Wednesday

• Analyst survey results are expected. The headline consumer price index (CPI), or headline inflation, will adjust

up 5.0% in April year over year The core inflation index (core CPI), excluding food and energy, will be adjusted.

It was up 5.5% in April year on year. This slowed from 5.6% in March.

• Important US economic data this week include the Consumer Price Index (CPI) for April, the number of unemployed claims.

Weekly Jobs, April Producer Price Index (PPI), May Preliminary Consumer Confidence Index from the University of Michigan.