Home » Business » Thai baht market conditions: closed at 38.15, depreciation in line with the region | RYT9

Thai baht market conditions: closed at 38.15, depreciation in line with the region | RYT9

The Treasury manager of the Bank of Ayudhya revealed that the baht closed tonight at 38.15 baht / dollar, depreciating from The market opened in the morning at 37.96 baht / dollar, moving intraday in a range of 37, 89 and 38.28 baht / dollar.

The baht weakened as did the regional currencies. Because during the day, US bond yields continued to rise, causing the dollar to continue to strengthen. While foreigners today sold net Thai bonds for a relatively large amount of 9.9 trillion baht, causing the baht to depreciate today.

honey Expect the baht moving frame tomorrow at 37.90 – 38.20 baht / dollar The factor to be monitored tonight is the US economic numbers. Both the gross domestic product (GDP) Q2 / 22 and the number of weekly unemployment claims.

  • important factor

  • The yen was at 144.69 yen / dollar since early morning at 144.35 yen / dollar.
  • The euro was at $ 0.6997 / euro from 0.9685 in the morning.
  • The SET index closed today at 1,592.37 points, down 6.86 points (-0.43%), with a trading value of 78,853 million baht.
  • Group Trading Volume Summary Foreign Net Sales of 2,296.64 million baht (SET + NEVER)
  • The Governor of the Bank of Thailand (BOT) said the weak baht The Bank of Thailand has been closely monitoring the situation of the baht.

Close and ready to step in and take care of when there are abnormal fluctuations. because they do not want to jeopardize the economic recovery But the cure must not be forced.

market direction

  • Tax Economic Advisor As a spokesman for the Fiscal Policy Office (FPO) revealed that the Thai economy in August

C. 65 Factors supporting private consumption tourism sector and the export sector which grew compared to the same period last year, but nonetheless

Follow the situations of geopolitical conflict that will influence the direction of the world economy and the implementation of the economic policies of the trading partner countries.

strictly important

  • Business and Economic Research Center Siam Commercial Bank (SCB EIC) expects the Thai official rate to remain at 1.25%.

65 at the end of the year and 2% at the end of 65, with the Monetary Policy Committee (MPC) likely to gradually raise the policy rate

gradually so as not to jeopardize the economic recovery

  • President The Federation of Thai Capital Market Organizations (FETCO) said the recent rise in inflation is creating “the era of interest

low and down to earth “ends and enters the era of rising interest rates The era of careful spending begins.

  • Executives from over 30 global organizations will attend the Hong Kong Financial Summit this November.

It’s a sign that Hong Kong is recovering from the impact of its past Covid-19 containment policies.

  • The former Governor of the Bank of England (BoE) said tax cuts of £ 45 billion are underway by the UK government.

It was conducted with the aim of contradicting the BoE, adding that Unfortunately, we have some budgets in these situations, such as the global economy that

Depressed and difficult state of the financial markets. And working in conflict with the BoE has led to quite severe volatility in the financial markets.

  • Prime Minister of England came out to defend the tax cut plan, saying he was willing to make tough decisions to encourage

The economy grew and the statement further dragged down the price of UK government bonds.

  • Economic confidence in the Eurozone in September fell sharply and more than expected due to faith

Trust in the group and in consumers has decreased. from group companies and consumers There are negative views on the inflation outlook for the coming months.

  • German Economic Research Institute (Ifo), Kiel World Economic Research Institute (IfW Kiel), Helle Economic Research Institute.

(IWH) and the Leibnitz Economic Research Institute (RWI) both cut their forecasts for Germany’s economic growth by nearly half this year, and

2023 forecast revised down from 3.1% to -0.4%



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