KBANK points to the “baht” range next week of 32.10-32.70 baht, monitoring the flow of money – gold prices.

Information about the company Kasikorn Bank Public Company Limited or KBANK Looking at the framework for the movement of the value of baht next week (30 September – 4 October ’24) at the level of 32.10-32.70 baht / dollar from Friday, 27 September ’24, the market closed at 32.39 baht / dollar.

In the past week, the baht strengthened past the lines of 33.00 and 32.50 baht / dollar, making the strongest record in 31 months at 32.36 baht / dollar (the strongest level since the end of February. 65) The baht strengthened in line with the overall picture of Asian currencies, led by the Yuan, which benefited from hopes for economic stimulus measures from the Chinese government.

In addition, the baht has additional positive features from the increase in gold prices in the world market, which reached an all-time high, opposing the feeling of the dollar. which remains weak amid speculation about the Fed’s tendency to cut interest rates in the future (The market estimates that (It is still possible that the Fed will cut the policy rate by more than 25 basis points at their next meeting.)

Incidentally, this week the Bank of Thailand (BoT) signaled to closely monitor the baht’s position. After the baht continued to strengthen during this period.

Important items to follow next week include the August economic and wages report. of the BoT, statement of the President of the Federal Reserve (Fed), foreign capital management Gold price situation in the world market and other currencies in the region

While important US economic figures include PMI and ISM indices, private sector employment figures Non-farm payrolls data and unemployment rate in September Number of job openings and labor turnover rate ( JOLTS), factory department orders in August. and the number of people applying for unemployment benefits each week

In addition, the market is still waiting to follow the September PMI index numbers for China, Japan, the Eurozone and the UK, the 2Q24 UK GDP numbers and the inflation rate in September. of the Eurozone as well.