Treasury managers from Bank of Ayudhya revealed that the baht opened the market this morning at 34.31 baht / dollar, depreciating from The market closed yesterday evening at 34.06 baht/dollar as the dollar strengthened once morest other currencies around the world.
“Last night the market was very volatile. Strong swing The baht returned to depreciate in line with the global market trend. following the dollar strengthened on the strength of buyers
money management said
treasury Estimated the movement of the baht today at 34.20-34.40 baht / dollar.
THAI BAHT FIX 3M (5 May) is at 0.51082% while THAI BAHT FIX 6M is at 0.68398%.
- important factor
- The yen was at 130.44 yen/dollar from yesterday evening at 129.70 yen/dollar.
- The euro was $1.0539/euro from $1.0597 yesterday evening.
- Baht/dollar exchange rate The weighted average of the interbank The Bank of Thailand was at 34.101 baht/dollar.
- The Minister of Commerce expects Thai GDP to grow around 3.5% this year, with exports still the main engine driving the economy.
which this year is expected to grow 3-4%
- “Anutin” prepares to propose Prof. Cancel Thailand Pass, Thai people following Covid-19 can be controlled. Ready to consider the end of May. Continue.
The Emergency Decree?
- The US Dollar is strengthening once morest the major currencies. in trading at the New York Stock Exchange on Thursday (May 5).
which was supported by investors’ expectations that The US Federal Reserve (Fed) will raise interest rates by 0.75% at its June meeting.
Fed Chairman Jerome Powell insists the Fed is yet to consider raising interest rates as much as 0.75%.
- New York gold futures ended positive on Thursday (May 5) on the slump in US stock markets and weak economic data.
poor united states It is a driving factor for buying gold as a safe haven asset.
- New York’s West Texas Intermediate (WTI) crude futures ended positive on Thursday (May 5), with markets still gaining momentum.
predict that The world oil market will face more tightness. After the European Union (EU) signaled to prepare sanctions on oil imports from Russia.
- Petroleum Exporting Countries (OPEC) and its allies or OPEC Plus Has resolved to adhere to the original agreement in the policy formulation
Production for the month of June, with continued to increase production by 432,000 barrels per day in the month. Jun, unchanged from May.
- The Bank of England (BoE) raised its policy interest rate by 0.25% to 1.00% at its meeting yesterday.
Highest level in 13 years to stem the inflation surge
- Key economic data today include Reserve Bank of Australia Monetary Policy Report, Manufacturing Sector.
industry month Mar. of Germany, monthly house price index. England’s April and April’s non-farm payrolls
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