A Bank of Ayudhya money manager revealed that the baht closed the market at 35.71 baht/dollar, depreciating since the morning. The market opened at 35.64 baht/dollar, during the day the baht moved in a range of 35.59-35.83 baht/dollar, with the baht depreciating. The value corresponds to other currencies in the region.
However, no new factors have been added. The market continues to keep a close eye on the tense situation. After the Russians launched a missile near Poland
However, today both the Ministry of Finance and the Bank of Thailand (BOT) issued positive signals for the direction of the Thai economy as it would continue to recover. While the last meeting of the Monetary Policy Committee (MPC) this year on November 30 is expected to increase the official rate by only 0.25%.
Money managers expect the baht to stagnate tomorrow. moving in the range 35.50-35.80 baht/dollar, market waits to see October US Retail Sales balance data to report tonight if retail sales are not good The market is expected to come under pressure to sell dollars again.
- important factor
- The yen was 139.37 yen/dollar from the morning level of 139.83 yen/dollar.
- The euro was at $1.0419 from an early session high of $1.0340.
- The SET index closed today at 1,619.98 points, down 9.40 points (-0.58%), with a trading value of 61,525 million baht.
- Group Trading Volume Summary Net Foreign Sales 1,375.54 million baht (SET+MAI)
- The finance minister predicts that the Thai economy will grow by 3.4% in 2022 and 3.8% in 2023.
The world is entering a recession. But Thailand is confident that economic growth in Asia will go in the opposite direction. and is a group of countries with economic influence
(Power House) another group from the United States, Europe and China
- Finance Minister Looks At Appreciation Of Baht During This Period Overall Still Considered Weak Compared To Year 64. Ideal Rate
it should be how much i can’t answer But if you compare the current baht with the previous year also considered in a direction it can support
Thailand’s exports at an advantageous level compared to competitors.
- The BOT confirmed that changes in the appreciation of the baht in the past Follows the movement of the dollar.
The United States did not find any currency irregularities. And in general it did not affect economic stability, but the BOT did not take it lightly. and always keep an eye on it
because they don’t want money to float around too much
- The BOT stated that the Monetary Policy Committee (MPC) will decide whether or not to stop the increase in the reference rate. have to depend on
The economy in ’66 if the economy is saturated Inflation is back need to see what the policy will be But now the Thai economy is still in the period of
recovery, therefore monetary policy must follow the same direction previously set
- This was warned by the director of the World Trade Organization (WTO). Many large economies are facing real risks.
Real to adjust to recession due to war in Ukraine Rising food and fuel prices including rising inflation
The surge could worsen the global economic outlook
- China’s National Development and Reform Commission (NDRC) said China’s economy will recover further in the rest of 2022.
Why the government’s economic stimulus measures are expected to go well into the fourth quarter of this year.
- economist warned that the euro zone economy is likely to enter recession in the coming months due to recession
This retreat will not come on the surface, and eurozone GDP is expected to contract sharply in the fourth quarter of 2022 and the first quarter of 2023.
- Liquid Global, a wholly owned subsidiary of FTX, has announced the suspension of
all cryptocurrencies and other currencies on the company platform after ftx filed in court for receivership
Pursuant to Section 11 of the United States Bankruptcy Law.
