InfoQuest News Agency (02 Feb. 2024)
A money manager from the Bank of Ayudhya revealed that the baht closed this evening at 35.25 baht/dollar, strengthening from The market opened this morning at 35.28 baht/dollar, moving in the same direction as the world market. The dollar weakened as bond yields decreased. During the day, the baht moved in the range of 35.24 – 35.39 baht/dollar, while foreigners sold 2.3 billion baht in bonds. “The baht continued to strengthen in line with the market direction. A world in which the weak dollar trades as bond yields fall,” said a money manager. Money manager The baht’s movement range on Monday is estimated at 35.10 – 35.35 baht/dollar. The market is keeping an eye on the US non-agricultural employment numbers tonight, with a high expectation that there will be more than 180,000 jobs. As for domestic factors, The market is likely to wait for the results of the Monetary Policy Committee (MPC) meeting in the middle of next week. * Important factors – The yen is at 146.70 yen/dollar from 146.31 yen/dollar this morning. – The euro is at 1.0896 yen/dollar. Euro from this morning at 1.0879 dollars/euro – SET Index closed today at 1,384.08 points, an increase of 16.12 points, +1.18%, trading value 45,159.93 million baht – Summary of trading volume by group Foreigners bought a net amount of 2,073.46 million baht – Ministry of Commerce It is expected that the general inflation trend in 2024 will continue to slow down from 2023 and remain low between (-0.3) – 1.7%, median value 0.7%, as the government sector tends to continue implementing measures to reduce the cost of living. There are factors that may cause the index to The trade economy is not as expected, such as the world economic situation and important trading partners. Geopolitical conflicts, natural disasters and government measures – Thailand-Sri Lanka prepares to sign a Free Trade Agreement (FTA) between the Minister of Commerce of Thailand and the Minister of Trade, Commerce and Food Security of Sri Lanka. The Thailand-Sri Lanka FTA is the first bilateral free trade agreement of this government and is the 15th FTA of Thailand. – Economists change their predictions about the US Federal Reserve’s (Fed) interest rate cut by looking at that the Fed will still Do not cut interest rates until the next month’s meeting. May after considering the statement of Mr. Jerome Powell, Chairman of the Fed – Head of Research of the International Monetary Fund (IMF) warned of a tense geopolitical situation. especially More armed attacks on shipping ships in the Red Sea will cause global inflation to surge. and causing damage to the world economy and trade
By Thanawat Suayaem/Ratchada Kongkhunthian
2024-02-02 11:00:35
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