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Thai baht market conditions: closed at 32.86, depreciating by region. Expect next week to have a chance to touch 33

A money manager from Bank of Ayudhya revealed that the baht closed this evening at 32.86 baht / dollar, weakening further. As the market opened in the morning at 32.78 baht / dollar, during the day the baht moved within the range of 32.76 – 32.94 baht / dollar.

“The direction of the baht today is quite volatile. While regional currencies move mixed But most of them depreciate except the ringgit.” Executive

money said

money manager Estimates the movement of the baht on Monday at 32.75 – 33.00 baht / dollar.

Next week, the baht has a chance to depreciate to test the resistance at 33.00 baht / dollar. Tonight, the index numbers will be announced. Prices for personal consumption expenditure (PCE) in December and mid-next week will have a Federal Reserve meeting.

  • important factor

  • The yen was at 129.94 yen/dollar from 129.75 this morning.
  • The euro was at $1.0879/euro from $1.0897 this morning.
  • The SET Index closed today at 1,681.30 points, an increase of 9.96 points, +0.60%, with a trading value of 57,796.80 million baht.
  • Group Trading Volume Summary Foreigners net buy 2,774.45 million baht (SET+MAI)
  • Ministry of Finance The Thai economy in 2023 is expected to grow at 3.8%, up from 3% in 2022, due to sector support factors.

Tourism and domestic demand continued to recover. While inflation starts to slow down and will reach the target range. The current account balance is expected

will return to a surplus of $ 3,100 million, keeping an eye on the global economic slowdown and trading partners volatility in global financial markets

Including conflicts between countries is a risk factor for the growth of the Thai economy this year.

  • Kasikorn Bank (KBANK) raised the fixed deposit interest rate by 0.10-0.25% to pass the Faculty’s policy.

Member of the Monetary Policy Committee (MPC) and to increase purchasing power for customers amid high cost burdens.

  • Fiscal Policy Office Revealing the regional economic future confidence index for the month of January 2023, almost every region, the whole region

Eastern, southern, central, Bangkok and its vicinity continued to increase The supporting factor is the number of foreign tourists.

increasing

  • The Bank of Japan (BOJ) said on Monday (Jan 27) it will issue a collateralized five-year loan.

This is the second time the BOJ has made such an offer. After accelerating the implementation of the financial support program

funds this month to protect bond yield control policy

  • The International Financial Institutions (IIF), which tracks the capital health of 21 countries, said: Stock market and bond market

Emerging has attracted $1.1 billion in net capital inflows per day this week. by the speed of cross-border capital flows are now

Second only to the spike after the lifting of the lockdown measures to contain the COVID-19 disease in late 2020 and early 2021, only surpassing

The previous high occurred two decades ago.


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