A money manager from Bank of Ayudhya revealed that the baht opened this morning’s market at 35.14 baht / dollar from the evening market close. Yesterday at 35.12 baht / dollar
The baht depreciated slightly. move in the same direction as the regional currency Overall, the market came back to worry regarding the economic recession, resulting in the dollar continuing to strengthen last night.
money manager Estimates the movement of the baht today at 34.90 – 35.20 baht / dollar. Domestic factors. Today must follow the Ministry of Commerce. Announcing the Trade Economic Index As for the big picture, the market is waiting for the US Consumer Price Index (CPI) in November and the US Federal Reserve meeting (FOMC) next week.
THAI BAHT FIX 3M (Dec. 6) was at 1.15649%, while THAI BAHT FIX 6M was at 1.65232%.
- important factor
- The yen was 137.11 yen/dollar from 136.73 yen/dollar yesterday evening.
- The euro was at $1.0464 from $1.0497 yesterday evening.
- Thai baht/dollar exchange rate The BOT’s interbank weighted average was at 35.052 baht/dollar.
- The Governor of the Tourism Authority of Thailand said that since January ? December 5, 2022, Thailand has welcomed tourists.
9.78 million people (information from the Immigration Office as of December 5, 2022) and is expected on December 10, 2022, the number of tourists
Accumulated foreign tourists prepare to soar to 10 million people, meeting the target set by TAT in 2022.
- “Supattanapong” throws “ERC” to speed up the summary of the FT numbers for the period Jan. – Apr. ’23, focusing on taking care of the household sector. The last part will be
What rate is the ERC taking the NEPC resolution into consideration? As for diesel, it remains fixed at 35 baht per liter, although the world market has decreased.
Close world oil price situation Although the world market price has weakened because of the position of the oil fund. Net still negative 129,426 million baht
- The U.S. dollar strengthened once morest major currencies in trading at the New York Stock Exchange on Tuesday (Dec. 6).
The market is still supported by expectations that the Federal Reserve (Fed) will continue to raise interest rates.
- New York gold futures closed higher on Tuesday (Dec. 6), supported by a drop in bond yields.
The US government, however, gold futures gained only slightly and remained below the $1,800 level as the dollar strengthened.
The dollar is a market pressure factor.
- The Federal Reserve Bank of Atlanta released its latest GDPNow forecast model showing that
The US economy grew 3.4% in the fourth quarter, higher than the 2.8% previously released.
- Chief Executive Officer of JPMorgan Chase, the largest US bank warned that inflation might drag
The US economy enters a recession next year.
- Investors keep an eye on the Federal Reserve’s monetary policy meeting on Dec. 13-14.
Weight up to 91% that the Fed will raise interest rates by 0.50% at this meeting.
- CME Group’s FedWatch Tool indicates that investors now expect the Fed to raise interest rates to the 5.00-
5.25% in May 2023 following the previous forecast of 4.75-5.00%.
- Standard Chartered Bank released a report expecting The price of gold will soar 30% to $2,250/ounce in 2019.
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- Billionaire investor predicts bitcoin will reach $250,000 by mid-2023, receiving
Fundamental support which will drive the price further.
