Kasikornbank estimates the movement of the baht next week (22-26 February) at 29.80-30.20 baht per dollar. Appreciation trend From the US economy is uncertain.
The Kasikorn Research Center assesses key factors that need to be monitored, including Fed President’s statement to Congress. And issues about US economic stimulus measures Including the export data in Jan. And the political factors of Thailand
The major US economic numbers are the February Consumer Confidence Index. New home sales Durable goods orders Home sales contracts pending sales closing The inflation rate is calculated from the Core PCE Price Index in January, the number of weekly unemployment claims, GDP 4Q20 (2nd time) and the December house price index. 63 Moreover, the market may continue to monitor the COVID-19 situation both at home and abroad.
Thai baht moved to weaken But partially recovered at the end of the week The baht moved in a narrow range at first before beginning to depreciate in the middle of the week. After the dollar Appreciation following an increase in US Treasury yields. Among the signs of the recovery of the US economy
Thai baht can partially reduce the depreciation period at the end of the week. Since the uptrend of the dollar was limited after the US weekly jobless claims numbers. It came out worse than the market forecast.
On Friday (19 February), the baht stood at 29.96, compared with 29.87 baht per dollar. On the previous Thursday (Feb. 11)
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