2023-05-20 02:56:21
Kasikorn Bank (KBANK) looks at the movement of the baht next week (22-26 May) at the level of 34.00-34.60 baht per dollar. While the Kasikorn Research Center assesses important factors to monitor, namely export figures in April. and the political situation in Thailand direction of foreign capital and the outcome of negotiations to increase the debt ceiling of the United States
While key US economic numbers include new home sales. The number of contracts for the sale of houses pending closing of sales durable goods purchases and inflation measured from PCE/Core PCE Price Index in April; consumer sentiment index and inflation expectations in May; 1Q23 GDP figures (2nd time) and Fed meeting minutes on 2-3 May
Markets are also waiting for the announcement of China’s May LPR rate, May PMI (preliminary) for the Eurozone, UK and US, as well as April inflation. of England
On Friday, May 19, 2023, the baht depreciated to test the 34.50 level before closing at 34.38 baht per dollar, compared to 34.00 baht per dollar. On the previous Friday (May 12)
For the investment portfolio status of foreign investors between May 15-19, 2023, foreign investors have net sales of Thai stocks for 10,679 million baht and have net outflows from the Thai bond market for 17,741 million baht (net sales 17,671 million baht and debt instruments expired 70 million baht)
By InfoQuest News Agency (20 May ’23)
Tags: baht, baht
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