“Kasikorn Bank predicts baht movement and important economic factors for next week”

Kasikorn Bank (KBANK) looks at the movement of the baht next week (22-26 May) at the level of 34.00-34.60 baht per dollar. While the Kasikorn Research Center assesses important factors that need to be monitored, namely April export figures. and the political situation in Thailand direction of foreign capital and the outcome of negotiations to increase the debt ceiling of the United States

While key US economic numbers include new home sales. The number of contracts for the sale of houses pending closing of sales durable goods purchases and inflation as measured by PCE/Core PCE Price Index in April; consumer sentiment index and inflation expectations in May; 1Q23 GDP figures (2nd time) and Fed meeting minutes May 2-3

Markets are also looking forward to the May China LPR rate announcement, the May (preliminary) Eurozone PMI, the UK and the US, and the UK April inflation rate.

On Friday, May 19, 2023, the baht depreciated to test the 34.50 level before closing at 34.38 baht per dollar versus 34.00 baht per dollar. On the previous Friday (May 12)