The bank estimates the baht movement frame 29.95-30.30 baht per dollar Revealing signs of US economy recovering, causing the dollar to appreciate. Push baht to weaken Keep an eye on the gold – Bond Yilde, USA
Mr. Poonpanichpiboon, money market strategist and capital market strategist Krung Thai Bank disclosed with “Prachachat Business” the direction of the baht currency next week that Estimated the baht frame is 29.95-30.20 baht per dollar. The direction of the baht has a chance to move to depreciate. As the dollar tends to appreciate following the good news of the economic recovery, the economy looks better than other countries. And economic stimulus measures that have been approved
However, the factor that needs to be watched is the relatively volatile gold price. If the price is raised by about $ 50 an ounce. Or rising at $ 1,850 an ounce Will see the market pouring into short-term profit Which will pressure the baht While domestic factors are still lacking new supporting factors
In the past week, capital flows moved from February 1-5, ’19 showed that the stock market had a net sell-off of 9 billion baht and a net inflow of 5,400 million baht. Approximately 4,000 million baht net capital flows are in line with the movement of the currency.
“We saw a short-term appreciation of the dollar. Because the economy recovers better than others And the stimulus package went according to the plan Causing us to see the baht shifting to weaken But we will see the baht weaken, not as strong as the dollar. Because exporters and importers are not hedging, so we may not see the baht weaken past 30.20 baht per dollar. “
Ms. Rung Sanguanruang, Director of Global Margate Planning Division Bank of Ayudhya revealed to “Prachachat Business” that the Thai baht framework next week (February 8-12, 64) estimates the baht frame movement is 29.95-30.30 baht per dollar. Factors to be monitored are January US nonfarm payrolls that will come out better than 100,000 positions. The dollar is expected to rise. Which will weaken the baht
In addition, the issues that must be watched It will be the US bond (Bond Yield) yield and the gold price and the relatively slow European vaccination. While this country Transaction volume may be thinner. Due to the close of the Chinese New Year
“In the country, there are still no new factors. With the value of the baht still clinging to the world market “
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