Thai baht this morning Appreciates at 29.95 baht / US dollar Expect to move in the frame of 29.90-30.10 baht per dollar.
On January 21, 2021, Dr. Jitipon Pruksa Methanan Head of Financial Market Strategy and Investment Planning EASY INVEST, SCB Securities (SCBS) opened as Thai baht opened this morning (Jan. 21) at 29.95 baht per dollar. Appreciating from the close of the business day before 29.98 baht per dollar.
During the night, the Western stock market rose brightly. After the inauguration ceremony of Mr. Joe. Biden was fine, the US S&P 500 and the European STOXX 600 index both gained 1.39% and 0.71%, driven by technology and industrial stocks.
In the money market, trading on the dollar’s depreciation outlook for the fourth consecutive day, the Canadian dollar (CAD) rose to $ 0.79, hitting a new two-year high and Whether the Japanese Yen (JPY) is a safe currency. Or volatile currencies such as the Australian dollar (AUD), each appreciating 0.3-0.6%.
The short-term baht side doesn’t have much movement. Money traders use dollar depreciation as a reason for trading.
“Today, the market will look back on the direction of the coronavirus outbreak. With the fiscal policy of the US side first If you begin to see a positive outlook and have additional budget passes. It will drive the financial markets to accept risks (Risk On) and the baht has a chance of appreciation, ”said Dr. Jitipon.
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