Thai baht market conditions: opened 32.40, continued appreciation against the region | RYT9

A treasury manager from Bank of Ayudhya revealed that the baht opened this morning at 32.40 baht/dollar, appreciated from The market closed yesterday evening at 32.52 baht/dollar, moving once morest the region’s weakness once morest the dollar. due to different capital flows Countries flow into the stock and bond markets.

“The baht strengthened to a new low in 5 months, moving in the opposite direction to the region because of the continuous inflow of fund flows and today it is expected to be supported by gold exporters as well. During this period, we must mainly keep an eye on Fund Flow. During the day, the direction is likely to fluctuate. but for a short period before returning to the same direction as the region,” the treasury said.

Money managers estimate the baht’s movements today at 32.25 – 32.50 baht/dollar.

THAI BAHT FIX 3M (Feb 14) is at 0.35251%, while THAI BAHT FIX 6M is at 0.49438%.

  • important factor

  • The yen was at 115.37 yen/dollar from yesterday evening at 115.12 yen/dollar.
  • The euro was at $1.1313/euro from $1.1320/euro yesterday evening.
  • Baht/dollar exchange rate The BOT’s interbank weighted average stood at 32.592 baht/dollar.
  • The Stock Exchange of Thailand (SET) warns investors to be cautious in trading. by asking to study the facts and

Take all the risks involved in investing in the cryptocurrency mining business before making a trading decision. In addition, all member companies are requested to supervise the

Trading and operations strictly in order to prevent excessive speculation. and submitting potentially inappropriate trading orders

or not in accordance with Securities and Exchange Act

  • “BOT” released a survey of prospects for loan applications in the first quarter of 2016, growing in all business sectors to use as working capital – acquisitions

On the side of “TTB” pointed out that the demand for large loans has increased for 6 consecutive months, “Kasikorn Research Center” expects business loans to grow 8% this year.

  • “Treasury” shows the government’s revenue collection for the first 4 months of fiscal year 2022 at 758 billion baht, higher than the target of 4.26 billion baht.

baht, the strongest IRS Tax extrusion exceeded the target of 70 billion baht, benefiting the economy starting to recover, fully supported.

  • Director General, Department of Industrial Works It is expected that Thai investment this year will return to strong growth. This April, it is confident that it will grow by 15% if the government announces that

COVID is endemic Stimulate the confidence of Thai-foreign investors Pointing out that Thailand is a single investment target following many industries face problems with the distribution of resources

Produced until it was hit hard during the covids.

  • Ministry of Commerce by Department of Internal Trade analysis “Diesel” affects the cost of production of products. found not much increase

Food, beverages, only 1.45%, daily necessities 1.1%, construction materials 1.2%, agricultural factors 0.5%, do not shop for reasons to raise prices.

Cooperation with manufacturers to freeze prices first insists there is no policy to raise prices during this period, and invites FTI, Chamber of Commerce of Thailand Association

Trade, product manufacturers, entrepreneurs come to discuss the group, follow up on the situation Reveal to prepare a project to reduce the burden of living costs for people

  • The Cabinet Office of Japan revealed today that Gross domestic product (GDP) in Q4/21 expanded

5.4% year-on-year and 1.3% quarter-on-quarter growth Due to the decrease in the number of people infected with COVID-19 has helped

stimulate consumer spending

  • The President of the Federal Reserve Bank of St. Louis said the Fed should speed up interest rate hikes. amid rebounding inflation

rise

  • The US dollar strengthened once morest the major currencies in trading at the New York Stock Exchange on Monday (Feb 14).

driven by the forecast that The US Federal Reserve (Fed) will speed up interest rate hikes to curb inflation.

  • New York gold futures closed higher to a three-month high on Monday (Feb 14) as investors continued to enter.

Buy gold as a safe haven Amid concerns regarding tensions between the West and Russia on the issue

Ukraine

  • Investors still keep an eye on the tense situation in Ukraine. After US officials warned Russia might attack Ukraine at any time, including

both during the Winter Olympics The talks between US President Joe Biden and President Vladimir

Mir Putin, the Russian leader over the weekend Still no progress in resolving the Ukrainian crisis

  • The US economic data this week is the Empire State Manufacturing Index for February.

From the New York Fed, producer price index (PPI) Jan, Jan retail sales, Jan import and export prices, sector production.

Jan industry, February housing market index from the National Association of Home Builders (NAHB), Fed meeting minutes, number of applicants.

Receive weekly unemployment benefits, January start of building and construction permits, January pre-owned home sales. and leading index

January economy from Conference Board


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