Krungsri expects the baht this week to trade in the 35.00 – 35.75 range, following the MPC meeting. – Stock Dimension | Clearly points out every investment

Stock Dimension – Global Markets Group Bank of Ayudhya Public Company Limited There is a view on the direction of the baht this week that The baht tends to move within the range. 35.00 – 35.75 baht/dollar Compared to last week The baht closed weaker at 35.48 baht/dollar After trading during 35.03-35.51 Baht/Dollar, with the dollar depreciating against all major currencies last week amid volatile trading. Meanwhile, US bond yields (Bond Yield) rose slightly. By the minutes of the meeting of the US Federal Reserve (Fed) on 31 Oct.-1 November said the Fed agreed to act cautiously and would decide to raise interest rates further if progress in controlling inflation was not made. Overall, the tone of the policymakers’ discussions shifted towards focus. that the policy interest rate will be maintained within the framework 5.25-5.50% How long will it continue? Meanwhile, signs of economic activity are mixed, which makes the risk factor more of a two-sided risk rather than a single risk of high inflation. There are also concerns about the credit slowdown. Foreign investors have net sales of Thai stocks and bonds. 6,289 million baht and 2,608 million baht respectively

For this week’s overview Krungsri Global Markets Group views that The market will pay attention to inflation data. PCE October of the United States is important. Meanwhile, investors are increasingly confident that the Fed is finished with its interest rate hike cycle and will cut interest rates later in the year. 67 Including the expectation that the US economy is likely to slow down. Soft Landing However, the market thinks that the European Central Bank (ECB) will cut interest rates next year as well. As a result, the dollar’s downside in global markets may be limited. Moreover, the victory of far-right anti-EU parties in the Netherlands could destabilize the eurozone in the long term. However, the Netherlands is part of the bloc. Euro-denominated members would likely make this case different. Brexit