The bank estimates the baht frame moves 29.60-30.05 baht per dollar. Keep an eye on the results of the MPC meeting on December 23, this attitude towards caring for the baht – adjusting economic figures Affecting foreign fund flows Ready to watch the negotiations Brexit-US economic stimulus Expect the market to relax. Sell dollars, press strong baht
On December 20, 2020, Ms. Kanchana Chokphaisansilp Research Administrator at Kasikorn Research Center told “Prachachat Business” that the direction of the baht currency for the next week on December 21-25, the bank views the baht frame at 29.60-30.00 baht per dollar. The viewpoint remains to be wary of the baht appreciation from last week the baht appreciated to 29.76 baht per dollar.
From the factor that Thailand is on the list of countries to be closely watched (Monitoring List) from the US Treasury. And the dollar depreciates from the Federal Reserve (Fed) meeting, keeping interest rates 0.00-0.25%.
However, the next week factors that need to be monitored It will be the subject of the Monetary Policy Committee (MPC) meeting on December 23, which the highlight is not on the issue of interest. But at the Bank of Thailand (BOT), it will adjust its view of economic projections in a better direction. And communication about the baht
While foreign factors continue to monitor the US economic stimulus measures. If all goes well There will be a selling force of the dollar currency This causes the dollar to weaken and the baht will appreciate again.
“Factors next week will be the attitude of MPC to take care of the baht It’s not a matter of interest. Because it will make foreigners afraid or not Which will affect foreign fund flows “
Mr. Poonpanichpiboon, money market strategist and capital market strategist Krung Thai Bank disclosed to “Prachachat Business” that the Thai baht movement framework next week (21-25 Dec’20) frame is 29.70-30.05 baht per dollar. With the market factors still following and waiting to win Both measures to stimulate the US economy To talk to each other about this weekend
And the highlight is the direction of Britain’s Brexit negotiations to come out, such as a no deal or a good ending. While the domestic market still waits and sees the Bank of Thailand (BOT) meeting
“The risk is that if the no deal Brexit is true, the market closes the risk, putting the pound down heavily. The dollar will appreciate. And another is If the National Bank is hit hard and cut interest rates or take difficult actions such as quantitative easing or QE, which are less likely. Like this, the baht may weaken back around 30 baht per dollar. But would be difficult to go further than that “
–
