Kasikorn Bank Evaluate the Thai baht movement framework for this week (18-22 Jan) at 29.80-30.20 baht / dollar by assessing key factors to be monitored, including: US political situation The focus is on the swearing of the new US president (Jan. 20), signaling a COVID-19 outbreak. Results of the European Central Bank monetary policy meeting And the Central Bank of Japan
The key US economic figures are: Housing market index Philadelphia Fed Business Trends Survey, Jan. 64 Number of starting houses in December, 2020 And the weekly number of unemployment applicants. Moreover, the market is waiting to track the numbers of Thailand’s December 63 exports. Including the GDP data for the fourth quarter of 2020 and other economic figures for December 63 of China as well
In the past week (11-15 Jan), the baht adjusted in a narrow frame. But moved a slight appreciation at the end of the week The baht weakened slightly at the beginning of the week following the direction of the yuan and other Asian currencies. While the dollar It was driven by an increase in US Treasury yields. Coupled with the purchasing power of the dollar As a safe currency Among the internal political problems of the United States
The baht gradually decreased during the depreciation period and strengthened in the remainder of the week. After the chairman of the Fed continued to signal further measures to ease the financial And reiterated that the US interest rate will not raise any time soon On Friday (Jan. 15), the baht stood at 30.02 baht / dollar, compared with 30.07 baht / dollar on the previous Friday (8 Jan.).
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