Market update by SCBFM: 7 August 2566
Financial Markets Group Siam Commercial Bank The baht’s valuation today moved within a range of 34.50-34.80 baht/dollar. The dollar depreciated against major currencies. After the US employment numbers came out lower than expected. This will slow down the US Federal Reserve’s (Fed) interest rate hike. The US stock market closed lower. Trading is volatile. Disappointed with the performance figures of listed companies Oil prices rose on the outcome of a meeting to reduce oil production until the end of next year. Gold closed higher on dollar weakness. Falling US Treasury yields Keep an eye on China’s inflation data on Wednesday. and the United States on Thursday-Friday
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2023-08-07 02:56:33
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