“Kasikorn Bank Predicts Baht Movement for Next Week: Factors to Monitor”

Kasikorn Bank (KBANK) looks at the movement of the baht next week (May 29-June 2) at a level of 34.30-34.90 baht / dollar from the baht, the market closes on Friday, May 26. 66 at 34.67 baht/dollar

Throughout the past week, the baht gradually depreciated in line with regional currencies and the net selling position of Thai stocks and bonds by foreign investors. While the market continues to monitor the political situation in Thailand closely. In addition, the dollar Appreciated according to the increase in US bond yields. There was also support from statements by Federal Reserve officials (Fed) and US economic data. better than expected This prompted some markets to re-evaluate the possibility of a US interest rate hike. In June again Although the majority of voices viewed The Fed is likely to keep interest rates at the same level.

Next week, important factors to monitor include the outcome of the Monetary Policy Committee (MPC) meeting on May 31, domestic political situation. Export Figures/Salary Economic Report Apr. of Thailand, the direction of foreign capital and the outcome of negotiations to increase the debt ceiling of the United States

The key US economic data is non-farm payrolls. unemployment rate ADP Private Employment, Manufacturing PMI/ISM Index, Consumer Confidence Index for May April JOLTS data, weekly jobless claims and the Fed’s Beige Book report. Markets are also looking forward to the May manufacturing PMI. of China, Eurozone and England as well.