A treasury manager from the Bank of Ayudhya revealed that the baht opened at 33.66 baht/dollar this morning, depreciating from the 33.55 baht close Friday evening, as investors worried regarding the economic recovery in Thailand’s tourism sector. from the case that the Chinese government tends to lock down some areas to solve the problem of the spread of the COVID-19 virus which is the travel limitation of chinese tourists
“The baht depreciated from Friday evening. from concerns regarding China lockdown in some areas making it impossible for tourists to travel.”
money management said
money manager Estimated the movement of the baht today at 33.55 – 33.80 baht / dollar.
THAI BAHT FIX 3M (25 Mar) is at 0.35063% while THAI BAHT FIX 6M is 0.54033%.
The latest SPOT is at 33.68500 baht/dollar.
- important factor
- The yen was at 122.23 yen/dollar from 121.57 yen/dollar yesterday evening.
- The euro was $1.0971/euro, from $1.1002 yesterday evening.
- Baht/dollar exchange rate BOT’s interbank weighted average at the level of 33.512 baht/
dollar
- Ministry of Finance Expected to announce new economic growth forecast numbers in April 2022 from
Previously expected at 3.5-4.5% from the Russo-Ukraine war situation. It is likely to be protracted. While the spread of the coronavirus-
19 There is a tendency to increase the consumption and spending in Thailand declined.
for the first time of the year
- A spokesman for the Prime Minister’s Office revealed that the government under the leadership of Prime Minister Gen. Prayut Chan-o-cha
Focus on the efficient spending of the existing budget. maximum benefit to the people and the nation and under
Discipline framework for fiscal finance and related laws Systematic management have clear plans/projects that
In this regard, Thailand’s fiscal and financial position remains strong.
- As the war progressed into the 33rd day, Ukraine was still firmly defending itself. Russia can’t just besiege Kiev. “Zelensky” puts pressure on the nation.
The West was too afraid to support heavy weapons. in western news The bears may annex 90% of the already seized Luhansk province as
of Russia soon If the whole country cannot be seized, Russia may use a means to divide Ukraine into parts. while the British insist Russians have the right to judge
Only mind regarding the governance of his own country. After “Biden” gave a speech in Poland, “Putin” should no longer be in power.
- Russia’s chief negotiator said that the Russian and Ukrainian delegations will hold a new round of peace talks on
29-30 March, which will be a face-to-face negotiation
- Traders still keep an eye on the situation in the Russia-Ukraine conflict and evaluating opinions on policy tightening
Finance from Federal Reserve (Fed) officials this week.
- shanghai city which is the financial center of China Announcement of lockdown measures to detect Covid-19 once
The lockdown will be divided into two parts and will begin today (March 28), the Bloomberg news agency reported, citing the source.
News that Tesla will suspend production at its Shanghai factory today (March 28) and the company has not yet notified employees it will expand.
Time to suspend production any longer?
- Nomura Holdings, Inc. said the Chinese economy would face its worst downward pressure since spring 2020.
Affected by the first wave of the COVID-19 outbreak
Economists say Covid-19 epidemic affecting a wide range of business sectors, both personal services, construction and manufacturing sectors, so it is increasingly difficult for China to meet its mass product expansion goals. domestic gross margin (GDP) at around 5.5% in 2022
Nomura raised its forecast for China’s first-quarter growth to 4.2 percent from 2.9 percent as it released strong official data for the month of January-February.
- British Government to Announce Regulations on Cryptocurrency Market Regulations especially in the section
Stablecoin, a crypto-currency whose value is pegged to the major world currencies such as the US dollar and is a sector
The segment is growing rapidly.
- US economic numbers Important this week are the consumer confidence index, the number of non-farm payrolls,
Unemployment Rate, Private Employment Data, PMI and ISM Manufacturing March Index, Revenue and Expenditure
Individuals, PCE Price Index Feb. and Gross Domestic Product (GDP) Q4/21
