Stock dimensions – Global Markets Group Bank of Ayudhya Public Company Limited There are views on the direction of the baht this week that The baht this week tends to move in a range. 33.85-34.65 baht/dollar compared to last week The baht closed appreciating at 34.12. baht/dollar after trading during 34.00-34.56 baht/dollar The baht hit its highest level in more than a month, while global gold prices soared and global bond yields were volatile. While the dollar weakened against most of the major currencies last week. The Federal Reserve raised interest rates by 25bp to 4.75-5.00% as expected, with Fed officials’ midpoints suggesting another 25bp hike before the end of the year. The Fed chairman noted that the US banking system has strong liquidity and capital. And the Fed will keep a close eye on the state of the banking system, ready to take measures as necessary. climb and will depress economic activity, employment, and inflation Although the Fed expects inflation to remain high, investors predict the Fed may not raise interest rates ever again and cut rates by the middle of the year. The Bank of England (BOE) raised interest rates by 25bp to 4.25% amid high inflationary pressures. Foreign investors sold net Thai stocks and bonds at 5,242 million baht and 16 million baht, respectively.
for an overview this week. Global Markets Group Krungsri views that the market will pay attention to personal consumption expenditure data in the US in February. as well as comments from Fed officials on the economic and financial situation after confidence faltered. While concerns about the US and European banking sector will continue to cause volatility in various asset prices. Prolonged or extended conditions would further support our view that the yen will show a remarkable correction this year amid the limited upward trend in global bond yields.
for domestic factors The Global Markets Group of Krungsri expects the Monetary Policy Committee (MPC) to raise the policy rate by 25bp to 1.75% at its March 29 meeting to build policy capacity. Space) in the future We expect the chance of a non-consensus resolution to signal a pause in rate hikes at the end of May meeting. In addition, the current account balance report for February is also in the spotlight.
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