Kasikornbank assesses the framework of the baht movement for the next week (15-19 Feb) at 29.80-30.20 Baht per dollar
The key factors to be tracked are quarterly GDP numbers. 4/2563 And the political factors of Thailand Global COVID-19 and US economic stimulus issues
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The major US economic figures are producer price indices, retail sales, industrial production. Information for starting home building and second-hand home sales in January
The market may also wait to track the record of the Fed meeting (when 26-27 Jan) GDP Quarter 4/2563 Of Japan and the euro zone including indices SMEs Preliminary for February Of the US, the Eurozone and the UK as well
On Thursday (Feb. 11), the baht stood at 29.87 baht, compared with 30.08 baht per dollar. On the previous Friday (Feb. 5)
However, the baht gradually appreciated against the dollar. This is in line with the direction of many Asian currencies and the buying force of risky assets, driven by hopes of the US economic stimulus package.
The dollar also comes under further pressure on signs of continued easing in the Fed chair. While the decline in US government bond yields. And information that reflects Inflationary pressures remain low. It’s a negative factor for the dollar.
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