Currency starts to weaken According to operator conditions, account clearing Exporters waiting for sales above 30.15 baht per dollar.
On December 22, Dr. Jitipon Pruksa Metanan Senior Director, Chief Investment Office, Siam Commercial Securities (SCBS CIO), said the baht opened this morning (22 December) at 30.12 baht per dollar. Depreciated from the close of the business day before 30.06 baht per dollar The Thai baht framework is estimated at 30.05-30.25 baht per dollar.
Dr. Jitipon said As for the financial markets, risk off last night, the US S&P 500 dropped 0.4%, with Europe’s STOXX 600 index down 2.3% as a result of the lockdown in many. country The issue pressured WTI crude oil prices down 2.7%, while the VIX Index gained 25 points, the highest in the month.
Dr. Jitipon said that On the money market, the most prominent point was the pound, down 0.9% on news of viral mutations. And, on average, the dollar recovered 0.1% against the major currencies. Meanwhile, the ten-year-old Bond Yale dropped only 1bps to 0.94%, suggesting that most investors were not too worried. It is believed that part of the liquidity is high. And the hope that the US authorities will pass a new round of stimulus within this week.
“The short-term baht was rapidly depreciating due to market exposure, however we did not find much selling pressure from foreign investors. And most of them are buying and selling (short) positions that existed in the previous week. Believe that this issue will still press the market for a while. But will not cause the baht to reverse its direction to weaken And most exporters waiting for sales above 30.15 baht per dollar “ Dr. Jitipon said.
–
