Baht market conditions: Closed at 35.15, strengthening in the region. The market is waiting for US private sector employment numbers tonight.

A money manager from the Bank of Ayudhya revealed that the baht closed this evening at 35.15 baht/dollar, strengthening from The market opened this morning at 35.26 baht/dollar, grouped by regional currencies. During the day, it moved within the range of 35.01 – 35.26 baht/dollar, while foreign investors bought 2 billion baht of bonds.

“The direction of the baht continues to fluctuate due to the flow of gold traders. During the day it strengthened and almost dropped below 35 baht,” said a money manager.

money manager The baht’s movement range is estimated tomorrow at 35.00 – 35.30 baht/dollar.

Tonight, the market is waiting to see US private sector employment numbers. This will affect the direction of the bond yield.

• Important factors

• The yen was at 147.35 yen/dollar from 147.21 yen/dollar this morning.
• The euro was at $1.0787/euro from the morning’s level of $1.0793/euro.
• The SET Index closed today at 1,389.55 points, up 6.01 points, +0.43%, trading value 38,631.50 million baht.
• Summary of trading volume by group Foreigners sold net 350.90 million baht.
• The FTI estimates the Thai economy in 2024 will expand in the range of 2.8-3.3%, but there is a risk that it will grow less.

3% Exports grew at the level of 2-3% from this year’s negative 1-2% and there were approximately 33 million foreign tourists. For the first 9 months of this year

Expanded less than expected, only 1.9%.

• FTI President reveals consideration of government increase in minimum wage to 400 baht that will be announced. Currently, there is a tripartite in each province.

Most have already come to a conclusion. and prepare to collect them into the central area

• CEO Survey: Economic Outlook 2023-2024 reveals that most CEOs expect the Thai economy in 2023 to improve but

Decreased from the previous forecast and expected GDP to grow at the level of 2-3% and the Thai economy in 2024 is expected to grow at

Level 3-4%

• The People’s Bank of China (PBOC) has supported the yuan through daily reference rate setting. After the atmosphere

Trading in the Chinese market was affected by Moody’s Investors Service downgrading the credit rating outlook of the Chinese government. which results in money

The yuan in both onshore and offshore markets weakened yesterday night (Dec. 5).

• Investors keep an eye on additional important economic data releases from China. Which will be revealed this week include: November trade balance,

Foreign exchange reserves in November, Consumer Price Index (CPI) in November and Producer Price Index (PPI) in November.

• This week’s US economic data includes Friday’s non-farm payrolls numbers. While analysts predict that

Employment numbers will increase by 180,000 jobs in November. After adding just 150,000 jobs in October and it is expected that the vacancy rate

Jobs will be stable at 3.9% in November.