Thai baht opened this morning (Jan. 26) at 29.99 baht / dollar, unchanged from the previous close of the business day.
Dr. Jitipon Pruksa Metanan Head of Financial Market Strategy and Investment Planning EASY INVEST, Siam Commercial Securities (SCBS) revealed that the baht opened this morning (26 Jan) at 29.99 baht per dollar. This is unchanged from the close of the previous business day. Both assessed the baht during the day movement in the range of 29.90-30.10 baht per dollar.
Western stocks closed for risk off last night, led by the US S&P 500 closing down 0.17% and the European STOXX 600 index down 0.80%. Most investors are watching. That the terms of the timing of the US fiscal policy They choose to take profit, investment that moves with the market (High beta), and invest in big tech stocks. To prepare for the investment expected to benefit from the next phase of the vaccine.
The same is true for safe assets. Bond yield (Bond Yield) United States, 10, fell 5bps back to 1.03% after the market thought the fiscal policy deal could be postponed until mid-March. This is when the unemployment assistance policy in the US expires. The picture encouraged the dollar to appreciate around 0.2% against the major currencies. European currencies weakened on concerns that stricter lockdowns would be imposed in many countries.
The short-term Thai baht moved in a narrow range, with sporadic selling pressure on Thai stocks and bonds from foreign investors. But there was a strong buying back from exporters because of the recovery of various industries. Today, however, the market is believed to be in a wary mode as it is near the Federal Reserve’s Monetary Policy Committee meeting.
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