Money Markets and International Transactions Department TMB Thanachart (TTB) revealed that the baht this morning (June 1, 2023) opened at 34.68 baht / dollar, appreciating compared to yesterday’s closing price of 34.81 baht / dollar.
The BOT unanimously resolved to raise the policy rate by 0.25% per year to 2.00%, with the view that the Thai economy is likely to continue to expand. and inflation risks must be monitored closely
Although it seems to expand the debt ceiling will seem to agree. But the market continues to sell risky assets awaiting the official result from the US Congress. which will be forwarded to the United States Senate for consideration. And pass it on to President Joe Biden, the leader of the United States to sign into law to continue to take effect. which must be completed before the deadline of June 5
Meanwhile, the market will keep an eye on Friday night’s non-farm payrolls figures. Investors are still weighing on the Fed’s next rate hike. after the employment sector numbers still look strong From the increasing number of recruitment jobs
Yesterday, in the Thai bond market, foreign investors returned to buy a net of 2,179 million baht and sold net about 2,000 million baht in Thai stocks.
As for the baht frame today, it is expected to move in the range of 34.60-35.00 baht / dollar. It is recommended to buy foreign currencies to hedge against risks, and for exporters, it is recommended to sell foreign currencies above the level of 35.00 baht/dollar.
While today’s currency range, USD/THB 34.50- 34.90,EUR/THB 36.85 – 37.40,JPY/THB 0.2460 – 0.2510,GBP/THB 42.90 – 43.40,AUD/THB 22.30- 22.80.
2023-06-01 01:58:20
#Baht #today #opens #market #baht #introducing #importers #buy #foreign #currencies #hedge
