Money managers from Bangkok Bank revealed that the baht closed this evening at 34.81 / 83 baht / dollar, strengthening from the market opening this morning at 34.97 baht / dollar.
During the day, the baht moved within a range of 34.80 – 35.00 baht/dollar. The baht continued to appreciate from yesterday. It also digested the news last night that Federal Reserve officials (Fed) said it would slow down the interest rate hike. The US consumer price index (CPI), due tomorrow, will drop to 3.1% from 4% previously.
At the same time, investors are waiting to follow the election of the Thai Prime Minister on July 13, whether it will be smooth or there will be events that cause the currency to fluctuate or not Regarding currencies in the region today, there are fluctuations in the range.
“The factor that the baht has a chance to depreciate is if the US inflation numbers came out higher than expected or still at a high level, the Fed may consider raising interest rates. There is an opportunity to make the dollar come back to appreciate. and there is also political pressure in the country that investors watch About voting for the prime minister, “said the money manager.
For tonight, must follow the Fed officials. Come out to give opinions on monetary policy. and interest rate direction
money manager Estimate the movement of the baht tomorrow at 34.70 – 34.95 baht / dollar.
Key Factors The yen was at 140.46/47 yen/dollar, from 141.12 yen/dollar this morning, the euro at 1.1007/1009, from 1.1011 this morning/euro, the SET index closed today at 1,496.96. points increased by 0.07 points (+0.00%), trading value of 34,189 million baht, summary of trading volume by group Foreigners sell net 483.75 million baht (SET+MAI). and resigned from being a member of the Consolidated Party
Thai Sang Chart (RTC)
The leader of the Pheu Thai Party (Public Organization) revealed the results of the 8-party meeting to form a government that At a joint parliamentary session on
July 13, 2023, to approve the Prime Minister The meeting clearly confirmed that Mr. Pita agreed. Lim Charoenrat, leader of the party
Advance and Candidate Prime Minister be prime minister By assigning the Pheu Thai Party to nominate
Kasikorn Research Center The 2023 GDP forecast is maintained at 3.7% and the export figure is maintained at -1.2%, but downgraded.
Government Consumption and Investment Because it is still in the waiting period for the establishment of a new government. and complex household debt problems, which are
problems waiting to be resolved, at the same time, raising the policy interest rate at the end of 2023 to 2.25% from the original expectation of 2.00% ready
Headline inflation is expected to be at 1.8%, while the baht this year is expected to average at 33.50 – 34.00 baht / US dollar.
The Gold Price Sentiment Index for July 2023 was at 53.65, down 12.06 points or 18.36% when
Compared to June 2023 at 65.71 points, driven by concerns about central bank interest rate hikes.
US (Fed) US economic data report improved US bond yields Rising Appreciation
of the baht and the amount of demand for gold decreased.
The director-general of the International Energy Agency (IEA) expects that oil demand from China and developing countries, coupled with
The OPEC Plus group cuts oil production. May cause the global oil market to face a tight supply situation in the second half of this year.
The global economy has slowed down.
The Office for National Statistics (ONS) reveals that wages in the UK continued to increase to a record high due to
inflation that remains high Although inflation has tumbled from a high of over 10% late last year, But it’s still moving.
level of 8.7%, with the failure to drag down inflation raising concerns that The Bank of England (BOE) will continue to move forward.
Continue to raise the policy rate in the coming months.
Economists at Nomura expect central banks in Asia. may begin to cut interest rates early
than the Federal Reserve (Fed)
Analysts at Standard Chartered Bank have expressed their optimism on the direction of the Bitcoin price, expecting
Bitcoin price will reach $120,000 by the end of 2024, almost four times its current price.
Cash Rich Bitcoin Miners There is a tendency to reduce the sale of bitcoins.
China has signaled that further stimulus measures will be implemented soon after taking measures to support the real estate market.
That is collapsing with an extension of the time to repay loans to real estate developers.
2023-07-11 10:51:09
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