Home » Business » Baht Depreciates to 35.82 Baht/Dollar, Weakens in Regional Markets – Weekly Unemployment Benefits in US Awaited

Baht Depreciates to 35.82 Baht/Dollar, Weakens in Regional Markets – Weekly Unemployment Benefits in US Awaited

InfoQuest News Agency (08 Feb. ’24)

A money manager from the Bank of Ayudhya revealed that the baht closed this evening at 35.82 baht/dollar, depreciating from The market opened this morning at 35.60 baht/dollar, moving in the same direction as the region. During the day, the baht moved in the range of 35.59 – 35.86 baht/dollar. Tonight, the market is waiting to see the announcement of weekly unemployment benefit claims in the United States. “Today the baht is the weakest in the region. This may be a flow from investors in the stock market. But it still hasn’t dropped to 36.00 baht/dollar. I understand there is a sender. Set aside and wait to sell dollars. after depreciating a lot,” said a money manager. A money manager The baht’s movement range is estimated tomorrow at 35.70 – 36.00 baht/dollar. * Important factors – The yen is at 148.73 yen/dollar from 148.00 yen/dollar this morning. – The euro is at 1.0780 dollar/euro from this morning. at the level of 1.0776 dollars/euro – SET Index closed today at 1,388.60 points, down 11.42 points, -0.82%, trading value 43,082.48 million baht – Summary of trading volume by group Foreigners sold a net amount of 1,992.30 million baht – The Federation of Thai Industries (FTI) revealed that the confidence index for tourism business operators in the 4th quarter of 2023 was at the level of 77, increasing from the level of 69 in the 3rd quarter of 2023, but still at the level. much lower than normal By preparing to present a strategic plan to drive tourism. Travel this year to have the number of foreign tourists arriving in line with the government’s target of 40 million people for the Minister of Tourism and Sports to consider within this week – Chairman of the Thai Chamber of Commerce hopes the MPC will consider lowering interest rates. next meeting To help reduce the burden on citizens and reduce costs for entrepreneurs. This will help reduce the risk of bad debt. Including proposing new measures. that supports entrepreneurs Convenient access to funding sources – Economic and Business Research Center The Siam Commercial Bank (SCB EIC) estimates that the MPC will maintain the policy interest rate at 2.5% throughout 2024 if the rate of economic expansion and inflation do not slow down significantly – Deputy Governor of the Bank of Japan (BOJ) sent Signals that the BOJ is likely to maintain its monetary easing policy, even as the BOJ ends its negative interest rate policy after achieving stable inflation – officials at the Federal Reserve (Fed) have issued signals that the Fed We will not reduce the interest rate until we are confident that the money US inflation is slowing towards the 2% target – US airstrikes in Iraq yesterday evening. which killed the commander of an Iranian-backed militia, as US President Joe Biden’s administration targets those involved in last month’s killing of three US soldiers – Israeli Prime Minister Rejects Hamas ceasefire conditions and stated that Israel might win a complete victory. In the fighting in Gaza within a few months – North Korea’s Supreme People’s Assembly resolved to cancel the agreement to promote all economic cooperation with South Korea. Amid the continued deterioration of relations between the two countries

By Thanawat Suayaem/Ratchada Kongkhunthian

2024-02-08 10:39:58
#Baht #market #conditions #Closed #weakest #region #Expect #stock #market #flow #eye #economic #figures #tonight

Leave a Comment

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