The baht opened this morning (Jan. 14) at 30.00 baht / dollar, appreciating from the close of the business day before 30.03 baht / dollar.
Dr. Jitipon Pruksa Metanan Head of Financial Market Strategy and Investment Planning EASY INVEST, SCB Securities (SCBS) revealed that the baht opened this morning (14 Jan) at 30.00 baht per dollar. Appreciates from the close of the business day prior to 30.03 baht per dollar. The baht framework estimates between 29.92-30.12 baht per dollar.
Over the night, financial markets moved in a narrow range. The US S&P 500 rose 0.23% in hopes of re-stimulating Joe Biden after taking over as President of the United States. Europe’s STOXX 600 closed up 0.12%, despite a boost from a recovering economic picture. But the short term remains under pressure from the latest virus outbreak, the Dutch and German governments have signaled at least another three to eight weeks of lockdowns.
Money market side, bond yields The US 10-year-old bond fell 4bps, returning 1.09%, with a 2bps drop in the spread between the 30- and 5-year-olds, reflecting the political worries of the market. In the US more The issue encouraged the dollar to gain 0.2% against the major currencies.
Bitcoin price rose 12% to $ 38000 with gold recovering to $ 1,847 an ounce. Because of the hopes of fiscal policy that will stimulate the economy about 7.5-9 billion dollars.
“The short-term baht has not much movement. With exporters buying Thai baht In contrast to foreign investors who have gradually sold Thai bonds for the seventh consecutive day, however, the baht appreciates from the weaker dollar trend. For today, it is believed that there will be a strong buy back Thai bond from the US bond that fell. The issue to be monitored remains capital market trends and Asian virus outbreak control, ”said Dr. Jitipon.
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