Kasikorn Bank (KBANK) looks at the baht movement frame next week (25-29 April) at 33.70-34.20 baht per dollar. By the end of the week, the baht hit its lowest level in more than four months at 33.95 baht per dollar. The baht continued to depreciate in line with the direction of most Asian currencies. Led by the yuan, the weakest in 7 months on concerns over the Chinese economic outlook. And the yen, which fell to its lowest level in 20 years during the week amid differences between Japan and the US monetary policy outlook. The dollar rose on expectations of the possibility of a tougher interest rate hike by the Fed to curb US inflation. The baht also saw additional negatives during the week from foreign sales in the Thai bond market.
While the Kasikorn Research Center assesses the important factors that need to be monitored, namely the Ukraine-Russia situation. direction of foreign capital dollar buying power After the dividend payment of listed companies and the results of the Bank of Japan meeting The key US economic numbers are durable goods orders. new home sales Sales contracts for homes pending sales personal income/expense and inflation as measured by the Personal Consumption Expenditure Price Index (PCE Price Index) in March, the Consumer Confidence Index for April, GDP for the first quarter of 2022 and the number of unemployment claims.
On Friday (22 April), the baht closed at 33.93 baht per dollar. Compared to the level of 33.65 baht per dollar on the previous Tuesday (Apr 12), while between April 18-22, foreign investors bought net Thai stocks of 3,292.46 million baht, but were NET OUTFLOW in the bond market at 11,686 million baht. Baht from net selling of bonds of 4,167 million baht and expired debt securities of 7,519 million baht.