A money manager from the Bank of Ayudhya revealed that the baht opened the market this morning at 35.28 baht/dollar, strengthening from The market closed yesterday evening at 35.45 baht/dollar, moving in line with the world market direction. This is because the dollar has weakened compared to all major currencies after the weekly unemployment benefits claims in the United States. It came out higher than the market expected, a factor that caused bond yields to fall.
As for domestic factors regarding the political situation resulting from the decision of the Constitutional Court, it affects the value. Limited baht
“The baht has strengthened significantly from the market closing yesterday evening. This is because the dollar weakens as bond yields fall. After receiving pressure from The number of applications for unemployment benefits came out higher than expected,” said a financial manager.
money manager The baht’s movement range is estimated today at 35.15 – 35.40 baht/dollar.
- Important factors
- The yen was at 146.316 yen/dollar from yesterday evening at 146.82/86 yen/dollar.
- The euro was at $1.0879/euro from yesterday evening’s levels of $1.0798/0802/euro.
- Baht/dollar exchange rate The BoT’s interbank weighted average is at 35.514 baht/dollar.
- “Supawut” reveals interest information Thailand is higher than before COVID-19. Even though inflation is negative Warning to the National Bank The economy has been affected.
More than expected Both the consumption and production sectors. “Amonthep” points out that the interest differential makes the money market fluctuate. “Pipat” is afraid of the short-term economy and is not worried.
As far as the long term, “Pacharaphot” is worried that the Thai economy has not recovered to the level it was before Covid. “Kirita” is worried about Thailand’s ability to deteriorate. Drag down the potential of the Thai economy
long term
- The Prime Minister invites Chinese people to travel to Thailand during Chinese New Year and receive free visas. Order all agencies to prepare. Confirming that Thailand has measures in place to take care of safety.
Travel in every dimension. “Suriya” emphasizes AOT to provide full convenience to passengers. It is expected that Chinese tourists will overflow after requesting to fly into Thailand.
3,086 flights, an increase of 200%, and the number of passengers increased by 220%
- WSudawanW accelerates tourism revenue TTC organizes a meeting of 1 ministry and 1 global seminar, asks the Cabinet to come up with a tourism plan.
Traveling on water
- The Bank of England (BoE) decided to maintain interest rates at 5.25% at its meeting yesterday. which is consistent with predictions
of analysts And this is the fourth consecutive time the interest rate has been fixed after raising interest rates 14 times in a row. Investors expect that
The BoE is expected to cut interest rates as early as May. which decreased by 0.25% to 5.00% and the interest rate at the end of the year
2024 will be at the level of 4.25%.
- The US Department of Labor said the number of first-time applicants for unemployment benefits increased by 9,000 to 224,000.
last week and higher than analysts’ estimates of 213,000.
- The Institute for Supply Management (ISM) said the US manufacturing index rose to 49.1 in January.
C. from the level of 47.1 in December and higher than analysts expected at 47.2, but the index was below 50, indicating that the manufacturing sector
The United States is in a state of contraction. and it is the 15th consecutive month of contraction.
- The U.S. dollar fell against major currencies in trading on the New York Forex Exchange on Thursday (July 1).
Wed) after US bond yields fell from the 4% level. In addition, the dollar was also pressured by expectations that the central bank
The United States (Fed) may begin cutting interest rates at its May meeting.
- New York gold futures closed positive on Thursday (Feb. 1), supported by the weakening of the dollar and
US bond yields fall to below 4%
- Investors are keeping an eye on today’s release of US non-agricultural employment numbers. To assess the bank’s interest rate direction
Federal Reserve (Fed) after the Fed signaled in its latest meeting that it would not cut interest rates in March.
2024-02-02 02:20:12
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