Reporter reports today (23 November 2024) Kasikorn Bank (KBANK) Looking at the range of baht value movement next week (25-29 November ’24) at 34.40-34.90 baht / dollar from the market closing on Friday, November 22 at 34.58 baht / dollar.
At the beginning of last week, the baht strengthened after Thailand’s GDP figures for 3Q24 came out better than the market expected. In addition, the baht received additional support from the increase in gold prices in the world market At the same time, the dollar is still against profit taking and situational changes. After a substantial increase in the previous period.
The baht lost some of its positive range midweek amid pressure from foreign investors’ net selling position in Thai stocks and bonds. along with the dollar Gradually recovering This is because the market has changed its focus back to waiting to evaluate different policies and measures. of Mr. Donald Trump, the 47th President of the United States, and uncertainty about the chances that the Fed will cut interest rates in December.
However, the baht strengthened again at the end of the week, supported by a rise in gold prices on the world market amid signs of tension between Russia and Ukraine.
For next week, important items to follow include export figures and the October economic and wages report. in Thailand, including foreign capital management Asian Currencies and world gold prices
Meanwhile, important US economic figures include the November Consumer Confidence Index. New home sales, PCE/Core PCE price index, durable goods orders and the total number of home sales contracts pending closing in October. GDP figures for 3rd quarter 2024 (2nd round) Data on the number of people applying for weekly unemployment benefits. and the minutes of the Fed meeting on November 6-7. and the rate of inflation in November in the Euro Zone as well.
2024-11-23 06:13:00
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Given the predicted range of 34.40-34.90 Baht per Dollar, what specific economic events or indicators could push the Baht beyond this range in either direction?
## World Today News: Interview on the Thai Baht Forecast
**Introduction:**
Welcome to World Today News. Today, we’re discussing the recent forecast for the Thai Baht against the US Dollar. Joining us are two experts in international finance: [Guest 1 Name & Title] and [Guest 2 Name & Title]. Thank you both for being here.
**Section 1: Understanding recent fluctuations**
* **Host:** The article mentions that the Thai Baht experienced some volatility last week. [Guest 1], could you elaborate on the factors contributing to this fluctuation? What were the key drivers behind the initial strengthening and subsequent weakening of the Baht against the Dollar?
* **Guest 1:**
* **Host:** [Guest 2], Kasikorn Bank predicts a range of 34.40-34.90 Baht per Dollar for the coming week.
What are your thoughts on this forecast? Do you agree with the predicted range, and what factors might influence the actual movement of the Baht within this period?
**Section 2: Global Economic Factors**
* **Host:** The article highlights several global events influencing the strength of the Baht, including the ongoing tension in Ukraine, Fed policies, and the possibility of interest rate cuts.
[Guest 2], could you expand on the impact of these international factors on the Thai currency?
* **Guest 2:**
* **Host:** [Guest 1], looking at the broader economic picture, what are some key global economic indicators that investors should be monitoring in the coming weeks? How might these indicators impact investor sentiment towards the Thai Baht?
**Section 3: Domestic Economic Factors**
* **Host:** The article mentions the importance of upcoming Thai economic data releases, such as export figures and the October economic and wages report.
[Guest 1], how crucial are these domestic indicators for predicting the behavior of the Thai Baht?
* **Guest 1:**
* **Host:** [Guest 2], beyond these specific releases, what other domestic factors might influence the trajectory of the Baht in the near future?
**Concluding Remarks:**
* **Host:** Thank you both for sharing your insights on the Thai Baht.
The future of the Baht against the Dollar remains closely tied to both domestic and international economic performance.
We will need to continue to monitor key indicators and global events to gain a clearer understanding of the Baht’s likely path in the weeks and months ahead.
We hope this discussion has been informative for our viewers. For more on international finance and economic news, be sure to visit World Today News.
