KBANK looks at the “baht” range next week at 34.50-35.25, tracking Thai GDP – world gold prices.

Reporters reported that Kasikorn Bank (KBANK) Looking at the range of baht value movement next week (November 18-22) at 34.50-35.25 baht / dollar from the market closing on Friday, November 15 at 34.82 baht / dollar In the past week, the baht was gradually weakened after the overall picture of most currencies in Asia and the decline in gold prices in the world market.

while the dollar was still strengthening amid the assessment of that market Various US policies and measures under the leadership of Donald Trump, the 47th president of the United States, could lead to continued pressure on inflation. This could cause the Federal Reserve (Fed) to delay the pace of cutting policy interest rates next year.

In addition, the dollar was supported by US economic data (CPI PPI and weekly jobless claims) which came out better than the market expected. and the Fed Chairman’s statement addressing US inflation which is still above the Fed’s 2.00% target rate, which indicates that the Fed is not in a position where it is necessary to cut the policy rate to quick

However, the baht recovered somewhat after the selling pressure of the dollar. To change the situation after the baht weakened significantly in the past.

As for next week, important factors to follow include Thailand’s 3rd quarter 2024 GDP numbers and foreign capital direction. Asian currencies and world gold prices Includes comments from Fed officials.

Meanwhile, important US economic figures include home construction numbers. Second-hand home sales in October The number of people filing for unemployment benefits each week The Philadelphia Fed manufacturing survey and preliminary information on the Consumer Confidence Index and PMI Index for November.

In addition, the market is also awaiting the announcement of the LPR interest rate by the People’s Bank of China. Central Bank of Indonesia Monetary Policy Meeting Including inflation figures for October. and the PMI index (preliminary) for November of the Eurozone and England.