Krungsri expects the baht this week to trade in the 33.30-34.50 range, with high flexibility after the US election results – Stock Miti |

Stock size – Global Markets Group The company is Bank of Ayudhya Public Company Limited There is a view on the direction of the baht this week that the baht this week tends to move within the range. 33.30-34.50 baht/dollar Compared to last week the baht closed weaker at 33.90 baht / dollar after trading in a narrow range of 33.63-33.92 baht / dollar , the euro recovered to its strongest level in two a week after data showed the euro zone’s third-quarter economy was brighter than expected, dampening expectations of a major interest rate cut by the European Central Bank (EC B), US GDP grew 2.8%. in the third quarter, below market expectations and slowing from 3.0% in the second quarter, with imports accelerating amid expectations of tariff increases following the US elections Meanwhile, consumer spending use is still strong. The Bank of Japan (BOJ) kept its policy interest rate at 0.25% as expected and continued to expect inflation to remain close to its 2% target in the next few years Foreign investors sold 9,644 million of Thai stocks and bonds 4,892 million baht, respectively

For this week’s summary The main event for global markets will be the results of the US presidential election on November 5, and over the past month investors have been optimistic about the victory of former President Trump.If Trump wins and Republicans control the vote in the House of Representatives (Red Wipe) The dollar and US bond yields will continue to rise, reflecting the push for different policies. such as raising customs rates and curbing illegal immigration This will create inflationary pressure in the medium term, however. In the case where Trump wins but it doesn’t happen Red Sheave Or if it looks like Harris will win. Profits will weigh on the dollar from the meltdown. Trump Trade throw away In addition, the market will follow the results of the US Federal Reserve (Fed) meeting on November 7, which is expected to cut interest rates by 25bps to 4.50-4.75% after the October earnings numbers. to be disappointed despite the weather and strikes despite But in general, the economy continues to decline gradually.

for domestic factors The Bank of Thailand and the Ministry of Finance agree that the 2025 inflation target framework of 1-3% is appropriate and will not hamper economic activity, however, the Ministry of Finance wants inflation to rise to 2% and to it is ready for the BoT .To create an agreement to implement policies to support economic growth.

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