The Baht Closes Strongest in More Than a Month as Revealed by Kasikorn Research Center.

Ms. Kanchana Chokpaisarnsilp Research Administrator, Kasikorn Research Center Co., Ltd. reveal the baht today (April 5, 2023) touched the highest level in about a month and a half at the level of 33.84 baht per dollar. before coming back to close the market at 33.87 baht per dollar Compared to yesterday’s close at 34.21 baht per dollar. The baht appreciated in tandem with the rising gold prices in the world market. while the dollar Faced with selling pressure from US economic numbers that came out weaker than expected And underscores the likelihood that the Fed is nearing the end of this cycle of rising interest rates. for today’s fund flow direction Foreign investors net sold Thai stocks and bonds at 1,052.81 million baht and 3,601 million baht, respectively.
As for the movement of the baht for the rest of the week, it is expected to be at 33.70-34.10 baht per dollar. The market waits to follow the direction of foreign capital and Asian currencies. Including the number of employment outside the agricultural sector. and the unemployment rate in March of the United States on Friday