economy
06 March 2021 – 14:46
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Kasikornbank expects baht 8-12 baht to stay at 30.20 – 30.60 baht / dollar, the weakest in four months. Keep an eye on the progress of vaccination.
Kasikorn Bank Evaluation framework of the baht movement on 8-12 Mar. 64 at 30.20-30.60 baht per dollar Meanwhile, the Kasikorn Research Center assesses key factors that need to be monitored, including US bond market direction. Details of US economic stimulus measures And the COVID situation And progress in vaccination The key US economic numbers are February inflation. As measured by the consumer price index Producer price index Including the number of weekly unemployment claims And preliminary data of the consumer confidence index for March
In addition, the market awaits to follow up on the results of the European Central Bank (ECB) monetary policy meeting, Japan’s fourth quarter (final) GDP and the euro zone. Including economic data for February Of China, such as the consumer price index Producer price index And the amount of loan in RMB as well
The baht hit the lowest level in almost four months at 30.51 baht per dollar. The baht gradually depreciated in line with the direction of other Asian currencies in the region. The appreciation in the direction of the US Treasury Bond Yield (Bond Yale), which has a major benefit. The Fed chair did not signal that there would be additional tools to slow the Bond Yale hike.
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