InfoQuest News Agency (23 Jan. ’24)
A money manager from Bank of Ayudhya revealed that the baht closed this evening at 35.67 baht/dollar, depreciating from The market opened this morning at 35.63 baht/dollar, moving from domestic factors regarding last year’s economic figures from the Bank of Thailand (BoT) and the Ministry of Finance that were not good. and the direction of foreign capital (Flow) during the day, the baht moved in the range of 35.49 – 35.71 baht/dollar, while the market had no new leading factors entering. “The baht has returned to depreciate. During the day there was a lot of volatility due to domestic factors. There was still foreign flow out of both the bond and foreign markets. The stock market continues After information from the Bank of Thailand and the Ministry of Finance came out that the economy last year was not good,” said a money manager. A money manager The baht’s movement range is estimated tomorrow at 35.55 – 35.80 baht/dollar. * Important factors – The yen is at 147.52 yen/dollar from the morning at 148.11 yen/dollar. – The euro is at 1.0887 dollar/euro. From the morning level of 1.0880 dollars/euro – SET Index closed today at 1,356.54 points, down 13.38 points, -0.98%, trading value 48,638.21 million baht – Summary of trading volume by group Foreigners sold a net amount of 2,013.05 million baht – the Ministry of Finance reported that The Thai economy in 2023 is expected to expand by 1.8% due to pressure from the contraction of the industrial sector, exports and imports. In 2024, the economy is expected to accelerate to 2.8% after the export sector recovers and returns to growth. Private consumption that continues to expand is an important driving force. By following up on global geopolitical risk factors that may affect The Thai economy closely – Minister of Tourism and Sports Revealing the cumulative number of tourists from 1-21 January 2024, there were a total of 2,015,942 people, generating 97,911 million baht in income from foreign tourist spending, supported by visas for Chinese tourists – major banks. The Chinese government has tightened restrictions on liquidity in foreign exchange markets. and selling dollars in the domestic market to support the Yuan so that it does not depreciate too quickly after the stock market dropped. Aimed at stopping the yuan from falling too fast – Chinese policymakers are evaluating measures worth 2 trillion yuan ($278 billion) to revive the stock market. Most of this money came from overseas accounts of Chinese government companies. which is part of the building fund Stability with the goal of purchasing shares in the Chinese stock market through the Hong Kong Exchange Link project – The Bank of Japan (BOJ) decided to maintain monetary policy at today’s meeting (23 Jan.), which includes holding interest rates at Exceptionally low level – The Governor of the Bank of Japan (BOJ) stated that the Japanese economy still tends to recover gradually. It is also expected that the chances of Japan’s inflation adjusting to the BOJ’s target level of 2% are gradually increasing as well. – Singapore’s National Statistical Office revealed that Singapore’s core inflation rate (core inflation), which is data that The Monetary Authority of Singapore (MAS) is closely following that. Accelerated unexpectedly in December. However, the Singaporean government has kept the outlook for 2024 unchanged, which is another sign that Although domestic price pressure remains But it’s manageable.
By Thanawat Suayaem/Ratchada Kongkhunthian
2024-01-23 10:47:20
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