Kasikorn Financial institution Predicts Baht Motion Subsequent Week | Necessary Financial Figures and Elements to Monitor | InfoQuest

InfoQuest – Kasikorn Financial institution (BK:) sees the baht shifting subsequent week (Could 20-24) at 35.85-36.50 baht per greenback. On the similar time, the Kasikorn Analysis Middle evaluates vital elements that must be monitored, together with the GDP numbers of the first quarter of 2024 in Thailand (Could 20), the course of international capital. Gold worth circumstances on the planet market and statements from Fed officers

In the meantime, vital US financial figures embody second-hand dwelling gross sales. New dwelling gross sales in April PMI preliminary index for Could

The variety of folks making use of for unemployment advantages every week and the minutes of the assembly of the Ate up April 30 – Could 1. The market could also be ready for information on China’s key lending price and the outcomes of the South Korean Central Financial institution assembly. April UK inflation price and preliminary PMI index for Could. Japan, the Eurozone and England

final week the baht hit the strongest degree in virtually two months at 36.05 baht per greenback. After the US CPI inflation knowledge got here out weak, the baht briefly weakened. originally of the week, however in some circumstances it weakened utterly and moved to strengthening within the later interval, in response to the course of different currencies in Asia. and a rise within the worth of gold on the planet market On the similar time, the greenback has returned to promoting stress after a decline in US bond yields.

After the numbers for the Shopper Value Index and US retail gross sales in April got here out weaker than anticipated. As well as, the Fed Chairman signaled that the Fed is unlikely to lift the coverage rate of interest once more, based mostly on US inflation knowledge. and the Fed’s opinion This has triggered the market to extend its emphasis on the likelihood that the Fed will reduce rates of interest for the primary time at its assembly in September. Right here once more, by way of the baht, the baht strengthened. In the meantime, Thai shares closed optimistic for the 4th week in a row, gaining worth to 36.05 baht per greenback.

In the course of the earlier week, it weakens some again on the finish of the week after the market circumstances change to attend for Thailand’s 1st quarter GDP numbers of 2024 to observe on Could 20, that is Friday the seventeenth of Could 2024, the baht closed within the home market at 36.28 baht per greenback. In comparison with the speed of 36.72 baht per greenback. On the earlier Friday (10 Could 2024) for the standing of international buyers’ funding portfolio between 13-17 Could 2024, international buyers purchased a web of Thai shares of 5,212 million baht and there was a standing of web inflows into the bond market Thai 3,706 million baht (web buy of Thai bonds 3,935 million baht

Debt devices lower than 229 million baht)

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