KBANK expects the baht next week to move within the range of 34.90-35.60 baht/dollar.

Kasikorn Bank (KBANK) forecasts the movement range of the baht next week (27 Nov. – 1 Dec.) at 34.90-35.60 baht per US dollar. Meanwhile, the Kasikorn Research Center assesses important factors that need to be followed, including the results of the MPC meeting (29 Nov.), Thailand’s October export figures and economic indicators, as well as signs of foreign capital.

Meanwhile, important US economic figures include new home sales. Inflation rate measured by PCE/Core PCE Price Index, home sales pending sales in October Consumer Confidence Index, ISM and Manufacturing PMI data for November GDP numbers for 3Q23 (prelim.), the Fed’s Beige Book report and the number of people applying for weekly unemployment benefits. The market is also waiting to follow the November manufacturing PMI data from China, England and the Eurozone as well.

On Friday, November 24, 2023, the baht closed at 35.45 baht per dollar, compared to 35.10 baht per dollar. On the previous Friday (17 Nov.) 2023, foreign investors net sold Thai stocks of 6,289 million baht and had a status of Net Outflows from the Thai bond market of 2,608 million baht (net bond purchases of 1,037 million baht but there were instruments Expired debt 3,645 million baht)