The reporter reported it Kasikorn Bank Public Limited Company or KBANK Look at the movement of the baht next week (9-13 Jan ’23) at the level of 33.50-34.30 baht/dollar from the market close on Friday 6 Jan ’23 at the level of 34.03 baht/dollar.
within last week The baht strengthened through the 34.00 level to hit its highest level in more than 8 months at 33.78 baht/dollar. together with the dollar Still lacks support to recover After the Federal Reserve (Fed) meeting minutes held on December 13-14, the past has shown that although the Fed will still have to continue raising interest rates to fight inflation . But it will be a gradual increase in nature that will reduce the risks to the economy.
Furthermore, the baht also continued to benefit from China’s hopes of opening up the country. after the dollar This was driven by buyback pressure from investors to adjust positions ahead of the nonfarm payrolls report. and other US labor market indicators.
For the state of foreign investors’ investment portfolio between January 3 and 6, 23, foreign investors buy Thai stocks at 7,335 million baht and have net inflows into the Thai bond market at 41,571 million baht (net purchases 43,548 million baht , less matured debt instruments of 1,977 million baht)
While important factors to watch next week include statements from officials in the Fed’s foreign capital management on the Covid situation in China and the movement of Asian currencies.
Key US economic data includes inflation (CPI) for December, consumer sentiment and inflation expectations (preliminary) for January, and weekly jobless claims. The market is also waiting for Chinese economic data in December. 65 as the consumer price index Producer price index and also the loan amount in the yuan currency
