A treasury manager from the Bank of Ayudhya revealed that the baht opened at 33.85 baht this morning, down from 33.72 baht/dollar yesterday evening.
This morning, the baht continued to depreciate in line with other currencies. in the region once morest the US dollar by US dollar Appreciated due to last night US Treasury yields (Bond Yields) surged to their highest level in more than three years, as investors expected. The US Federal Reserve (Fed) will accelerate its policy rate hike. to extract inflation
“The dollar continues to strengthen. After last night, the Bond Yield skyrocketed. Therefore, it is expected that today the baht will have a chance to weaken further.”
Treasury manager stated
Money managers expect the baht to move in the range of 33.85 – 34.00 baht/dollar today.
THAI BAHT FIX 3M (19 Apr) is at 0.44618%, while THAI BAHT FIX 6M is at 0.48054%.
The latest SPOT is at 33.77750 baht/dollar.
- important factor
- The yen was at 129.28 yen/dollar from yesterday evening at 128.31 yen/dollar.
- The euro was at $1.0785/euro from $1.0793 yesterday evening.
- Baht/dollar exchange rate The BOT’s interbank weighted average was at 33.720 baht/
dollar
- Deputy Minister of Finance revealed that in the past The government has managed the fiscal finance effectively in the midst of
Covid crisis. Ready to take care of all groups of people to be able to live properly. especially vulnerable groups through measures
including other forms of remedies which is necessary to create equality at all levels and now the Ministry of
Treasury is in the process of finding new ways to increase revenue. in order to have enough income to cover expenses but new income even though there is a channel
But it has to look at the appropriate timing and flexibility such as stock tax exemptions for more than 30 years and the collection rate is not high. which believes that
investment acceptable
- The chief executive of Minor Inter Group sends a letter to the Prime Minister Chime to unlock travel restrictions, cancel the system “Thai
Land Pass” and Test & Go measures pave the way for “full open country era” to revive the economy and tourism. take advantage
Competing internationally, on the side of the “TAT”, spread 3 scenarios in the year 65, indicating that foreign tourists must recover 40% or at least 16 million people.
Carry entrepreneurs to survive
- Ministry of Public Health brews Prof. 22 Apr. Oh my god. Relax, test and go, adjust the province’s color area, hope to cancel “Thai
Land Pass”, the prime minister reveals following Songkran is a new beginning Order to speed up plans to revitalize the economy, invest in exports, open a forum to discuss the business sector in May
Revealed 1 July prepare measures to relax travel into the country. As the United States removes Thailand from the country at risk of covids, travel ban
- The US Commerce Department said homebuilding starts up 0.3% in March to 1.793 million.
Units, contrary to analysts’ expectations, fell to 1.745 million from 1.788 million in February.
- The US dollar strengthened once morest the major currencies in trading at the New York Stock Exchange on Tuesday.
(Apr. 19) This was driven by US yields that soared to their highest level in more than three years as a result of expectations.
The forecast that the US Federal Reserve (Fed) will accelerate interest rate hikes to curb inflation.
- New York gold futures ended lower on Tuesday (Apr 19) as bond yields rose.
The US and the dollar’s appreciation also put pressure on the market. Investors are also selling gold as a safe haven following.
US releases strong economic data
- President of the St. Louis Fed said: Inflation in the US is now too high. and there is a possibility that
The Fed will raise interest rates by 0.75% to 3.5% by the end of the year. to prevent US inflation rising to the highest level in
40 years
- The International Monetary Fund (IMF) has cut its forecast for global economic growth this year.
2022 and 2023 to 3.6%, stating that a Russian military invasion of Ukraine would have a broader impact on the global economy.
and is a pressure factor on the price and poses significant challenges to policy implementation.
- Investors will keep an eye on the Fed’s Beige Book, which will be released today. which indicates the condition
US economy and the direction of the Fed interest rate
