Thai baht continued to depreciate. From the number of people infected with COVID-19 Domestic increase After a proactive screening of foreign workers Expected MPC meeting December 23, the policy rate remained at the same level of 0.50%.
Foreign exchange department Bangkok Bank reports that the market movement of the foreign exchange on Tuesday, December 22, 2020, the baht market opens today morning (22/21) at the level of 30.10 / 13 baht / US dollar. Weakened from Monday’s closing level (21/12) at 30.05 / 06 baht / US $.
The US dollar appreciates against major currencies. After investors are concerned about the spread of the COVID-19 virus. As a result of viral mutations reported in England.
In addition, it is reported that The US Congress leaders were able to reach an agreement on a $ 9 billion stimulus package. The measure aims to cure people and businesses affected by the COVID-19 outbreak.
The Republican Senate Majority Leader Mitch McConnell and Democrat Senate Minority Leader Chuck Schumer. Has announced the completion of the said agreement Congress will vote on the stimulus today.
For the movement, the baht weakened as the market was concerned about the COVID-19 situation in the country due to the increased spread of infected people. Which previously announced lock down areas in Samut Sakhon Province to control the spread of the COVID-19 virus By the spread of the COVID-19 virus It is negative for economic conditions and investor confidence. It is expected that more lockdowns may be added in several provinces if more COVID-19 cases are found.
By today (22/12) there was a report found in the country who are infected with foreign workers. With 397 more proactive screening in the community
However, the market followed up with the Monetary Policy Committee (MPC) meeting, the Bank of Thailand (BOT) on Wednesday (23/12). The MPC will maintain the policy rate at the level of 0.50%. During the day, the baht moved within the range of 30.08-30.22 baht / US dollar. Before closing at 30.22 / 24 baht / US dollar
For the movement of the euro The euro opened the market this morning (22/12) at 1.2227 / 29 USD / EUR. Strengthened from Monday’s close (21/12) at 1.2201 / 04 USD / EUR. With the situation in Europe more people are infected with COVID and worrying about the mutated COVID-19 virus, especially in Britain.
Which caused England to come back to an emergency lockdown The UK has announced that it has raised measures to control the spread of COVID-19 to Tier 4 from the original Tier 3 level, which is close to the lockdown measures it was introduced in November. After finding a new virus that spreads 70% faster than before
Last night, the European authorities released the Euro zone consumer confidence index figures for December. It rose -13.9, up from -17.6 November and higher than the market expected of -16.8. The market continues to keep an eye on talks between the European Union (EU) and the UK. It has not yet been reached for a trade deal to come into effect after the UK separates from the EU (Brexit) as the two sides remain disagreed on fisheries.
During the day, the euro moved within the frame between 1.2204-1.2237 US Dollar / Euro And closed at 1.2211 / 12 USD / EUR.
For the movement of the yen The yen opened today morning (22/12) at 103.33 / 35 yen / US dollar. It rose slightly from Monday’s close (21/12) at 103.59 / 62 yen / US dollar. By investors to hold Japanese yen Which is a safe asset Amid concerns about the rise of COVID-19 cases worldwide
In addition, the Cabinet of Japan approved a draft annual budget of 2021, which has a record limit of 106.61 trillion yen ($ 1.03 trillion) today. 103.27-103.48 Yen / US Dollar And closed at 103.39 / 41 yen / US dollar.
This week’s key economic indicators were gross domestic product. United Kingdom Q3 (22/12), Germany consumer confidence index for January (22/12), US gross domestic product Q3 (22/12), US second-hand home sales November,
Monetary Policy Committee Meeting (MPC) No. 8/2020 (23/12), weekly unemployment applicant numbers (23/12), US consumer confidence index Of the University of Michigan December (23/12), US new home sales November (23/12),
US Personal Consumption Price Index For November (23/12), US durable goods orders November (24/12), Japan retail sales for November (25/12)
For the 1-month morning swap point in the country, the rate was -2.25 / 1.50 satang / US dollar. And the hedging rate for the morning 1 month abroad was -1.60 / -0.80 satang / US dollar.
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