Home » Business » Baht Closes at 36.78 Baht/Dollar, Yen Strengthens: Latest Market Update

Baht Closes at 36.78 Baht/Dollar, Yen Strengthens: Latest Market Update

InfoQuest – A money manager from Bangkok Bank revealed that the baht closed tonight at 36.78/79 baht/dollar, relatively stable since the market opened this morning at 36.78 baht/dollar, and there are no new factors still at the baht during the day​​​​ Moving in the range of 36.78 – 36.85 baht / “The baht fell significantly from yesterday. Because Japan came out to admit that the yen was blocked. Causing the yen to strengthen and the dollar to depreciate. which is a major factor affecting the baht That is moving in the same direction as regional currencies,” said the money manager. The factor to be followed tonight is non-agricultural employment numbers in April. a the market is expected to decrease significantly from the previous period, money managers The range of baht movement on Tuesday is estimated at 36.75 – 37.00 baht / dollar.

* Important factors

– The yen is at 153.05/08 yen/dollar from this morning at 152.82 yen/dollar – The euro is at 1.0743/0745 dollar/euro from this morning at 1.0737 dollar/euro – The index closed today at 1,369.92 points 6.67 points (+0.49%), trade value 37,512.00 million baht – Summary of trade volume by group Net foreign sales amounted to 1,447.93 million baht – Trade Policy and Strategy Office (Trade Policy and Strategy Office) , Ministry of Commerce The Consumer Price Index (CPI) or inflation rate in April ’24 was 108.16 or an increase of 0.19% compared to the same month last year. which turned positive for the first time After being negative for 6 months – Deputy Minister of Finance Express the vision and progress in the digital wallet policy that this policy is 1 policy that created 4 economic cyclones in Thailand. It is a policy to distribute 10,000 baht to 50 million people aged 16 and over. This will bring 500,000 million baht of money into the economic system, which is the first cyclone. From citizens to stores, the second cyclone from stores to stores, the third cyclone from stores to the production sector. And the fourth cyclone is a technology storm – said the head of the US stock market strategy at Bank of America Corp. (BofA) that a strong economic environment will cause the US stock market to continue to be bullish. Even if there is no good reason to cut the interest rate of the US Federal Reserve (Fed) – said one economist It is likely that the European Central Bank (ECB) will cut interest rates before the US Federal Reserve (Fed) negative impact on the countries of the Eurozone – today’s survey results (May 3) indicate that companies reporting the British service sector Activity in the service sector rose strongly. Highest in almost 1 year in April. This is despite ever increasing cost pressures. which points to a growing economy England Strength – US economic data today includes April non-farm payrolls numbers, the latest Service Sector Purchasing Managers (PMI) report for April from S&P Global and the April Service Sector Index from the US Institute of Supply Management (ISM).

Click to read the original news from InfoQuest.

2024-05-03 16:45:40
#Baht #market #conditions #Closed #stable #factors #Markets #watching #tonights #employment #figures #InfoQuest

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.