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The Baht Today: Market Updates, Foreign Fund Flow, and Baht Movement Prediction for Tomorrow

Ms. Kanchana Chokpaisarnsilp Research Executive, Kasikorn Thai Research Center Limited reveals the baht today (August 3, 2023), the market closed at 34.66 baht per dollar. Depreciated compared to yesterday’s closing level at 34.27 baht per dollar. The baht hit its lowest level in more than two weeks at 34.69 baht per dollar during the day, with the baht depreciating in line with most Asian currencies. and net selling positions of Thai stocks and bonds by foreign investors. while the dollar Continue to appreciate in line with US bond yields

for the direction of the foreign fund flow today Foreign investors net sold Thai shares at 2,930.81 million baht and net outflows from the bond market were 12,106 million baht.

As for the movement of the baht tomorrow, it is expected to be at 34.40-34.80 baht per dollar. The important factor that must be monitored will be on political issues. direction of foreign capital and figures for non-farm payrolls and the US unemployment rate in July

2023-08-03 11:34:00
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