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Thai baht market conditions: open 30.01, trend is stable Market to wait and see for US economy numbers

A money manager from Bank of Ayudhya said that the baht opened at 30.01 baht / dollar this morning, stable from yesterday evening at 30.01 baht / dollar.

The baht this morning is considered stable compared to the end of the market yesterday. The direction is according to the world market. While the US dollar weakened against all currencies, as yesterday the number of US weekly jobless claims. Coming out higher than expected

As for the factors that catch the eye today Still US economic data In terms of second-hand home sales in January While the political factor in the country itself is both a distrust of debate And political rallies did not have much effect on the baht.

Money managers expect the baht to move in the range of 29.95-30.05 baht / dollar.

THAI BAHT FIX 3M (18 Feb.) was at 0.32770% while THAI BAHT FIX 6M was at 0.34404%.

  • Key factor

  • The yen stood at 105.71 yen / dollar from yesterday evening to 105.72 yen / dollar.
  • The euro stood at $ 1.2090 / euro from yesterday evening at $ 1.2070 / euro.
  • Exchange rate baht / dollar The BOT’s interbank weighted average is at 30.008 baht / dollar.
  • The SCB pilot announced the first annual dividend payment of 2.3 baht per share or 7.8 billion baht on the basis of the BOT criteria.

Returns to normal dividends if COVID-19 Passing out of the trend of performance in the year ’64, the debtor has entered a continuous reduction program. Set the trend

Reserve has passed the highest point, expected this year to see below 4.8 billion.

  • Governor of the Tourism Authority of Thailand (TAT) revealed that he met with the Technology Promotion Association. (Thai-Japanese) preparation

Pull Japanese tourists to hold digital assets. (Cryptocurrencies) to visit Thailand, which will be the first country in the world Japan is number 1 in the world where

Cryptocurrencies hold 11% of the population, compared to 7% globally.

  • The Bank of Thailand (BOT) discloses the progress of requesting assistance for debt restructuring of debtors through

Online Debt Mediation Fair for Unsecured Credit Cards and Personal Loans That has started operations since Feb. 14 through

It comes that there are many people interested in applying for debt mediation with creditors over the past 3 days of the said festival. Found that the number of registered users

Accumulated as of Feb. 17, 64 up to 111,534, representing 237,733 loan accounts for mediation.

  • Treasury draws “Government Savings – BAAC” in collaboration with Krung Thai Bank Registration open “We Win” for vulnerable groups – No

Smartphones starting from February 22 onwards.

  • The US Department of Commerce said. The number of home-building start-ups fell 6.0% in January to a low of 1.580 million units.

Than analysts had forecasted at 1.658 million units.

  • Federal Reserve Bank (Fed), Philadelphia branch Revealed Mid-Atlantic Regional Business Condition Index. Dropped to a level of 23.1 in

February from 26.5 in January, with the index decline affected by a slowdown in new orders. While investors reduce

Confidence in the economic outlook over the next 6 months

  • The US Dollar depreciates against all major currencies. In trading at the New York Exchange last night (Feb. 18).

After the United States released higher-than-expected unemployment numbers. This disappointed the market that expected the economy to recover after the impact.

Affected by the spread of the COVID-19 virus.

  • The New York gold futures closed up for the first five business days last night (18 Feb) after yielding.

US bonds and the dollar weakened. Gold contracts were also boosted by investors to buy safer assets after the US.

Disclosure of a sluggish economy

  • Investors worried about the data signaling inflation in the US. The US Department of Labor stated that Import price index

Increased 1.4% month on month Which was the biggest increase since Mar. 2012 After increasing 1.0% in December.

The January import price index was only 1% higher than analysts had expected.

  • Investors are keeping an eye on other US economic data today, including the Purchasing Managers Index (PMI) of the gross manufacturing sector today.

Feb. from Marquit, Primary Services Sector (PMI) Index from Marquit. And second-hand house sales in the month

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