Thai baht opened this morning (Dec. 15) at 30.09 baht / dollar, depreciating from the previous close of business at 30.06 baht / dollar.
Dr. Jitipon Pruksa Metanan Senior Director, Chief Investment Office, Siam Commercial Securities Company (SCBS CIO) opened that Thai baht opened this morning (Dec. 15) at 30.09 baht per dollar. Depreciated from the close of the business day prior to 30.06 baht per dollar Thai baht framework today 29.95-30.15 baht per dollar
US stocks took a break last night on cyclical profit-taking, the S&P 500 index fell 0.4%, in contrast to Europe’s STOXX 600 index gained 0.4% on expectations of a new round of stimulus. Will help recover the European economy The issue resulted in other assets moving according to market-specific news. For example, WTI crude oil rose 0.9% on the back of OPEC + production cuts, while gold dropped 0.6% to $ 1828 an ounce on investor profit-taking pressure.
Money market side, bond yields (Bond Yield) US 10 years down to 0.89% without new factors, along with the depreciation of the dollar hit a two-year low on concerns that several states in the United States. May have to return to shut down the city to reduce the spread of the virus And the British pound (GBP) is the most appreciative currency in hopes that the UK and the EU can find a Brexit deal later this year.
“The short-term baht side has not much movement. Because the Asian currency that used to be a boost almost all of the new highs started. The same goes for the capital markets, where attractiveness is lower as global stocks hit new highs before the economic recovery. The next phase, we believe that the baht will trade in a narrow range from now until the end of the year, ”said Dr. Jitipon.
–
