2023-09-01 17:08:29
© Archyde.com Thai baht market conditions: opened at 35.02, depreciating from yesterday. The market keeps an eye on the US job numbers tonight.
InfoQuest – A money manager from Bank of Ayudhya revealed that the baht opened this morning’s market at 35.02 baht / dollar, depreciating from The market closed yesterday evening at 34.97 baht / dollar, the market moved mixed. Although the US economic numbers Announced last night will be better than expected, with the market waiting to see important data tonight. US non-farm payrolls numbers As for the domestic factors regarding the establishment of the Cabinet (Cabinet), the market already knows what it looks like. but wait for clarity of economic stimulus measures to be pushed out “The baht depreciated from yesterday evening. But the market moves in a mixed way. Swing in line with trading pressure. Wait for the Non-farm Payroll numbers tonight,” the money manager said. Estimates the movement of the baht today at 34.90 – 35.15 baht / dollar, the latest SPOT is at 35.05500 baht / dollar.
* Key Factors – The yen was at 145.15 yen/dollar from yesterday evening at 145.81 yen/dollar – The euro was at 1.0836 dollars/euro from yesterday evening at 1.0882 dollars/euro – The baht/dollar exchange rate The BOT’s interbank weighted average is at 34.932 baht/dollar Indicates that the size of the money is as high as 3% of GDP, fearing that inflation will move along, preparing to cut “GDP” this year following the second quarter economic growth is expected to be low, warning the Chinese economy to slow down, drag “export-tourism”, miss the target, “KKP” ” The pilot cuts the growth forecast of the Thai economy this year to 2.8% from the previous 3.3% – FTI supports the new government policy. Preparing to reduce energy costs, electricity bills – oil at the first cabinet meeting, pointing out to help reduce the cost of living. People and production costs, while the FTI poll indicates that the private sector is concerned regarding raising interest rates. cause higher financial costs Thai people’s purchasing power is reduced and ready to ask the government to lift household debt as a national agenda. Director-General of the Department of Business Development, Ministry of Commerce, revealed that the department has analyzed potential business trends following the COVID-19 situation has passed. found that the hotel and accommodation business There are obvious signs of recovery. The growth rate of newly established businesses has increased dramatically, in the seven months of 2023, there were 546 new juristic persons, an increase of 51% – the US Department of Commerce revealed that The headline personal consumption expenditures (PCE) price index, which includes food and energy, rose 3.3 percent in July year on year. In line with analyst expectations – The US Labor Department reported initial claims for unemployment benefits fell 4,000 to a seasonally adjusted 228,000 last week. And lower than analysts’ expectations at 235,000 – the US dollar appreciated once morest major currencies in trading at the New York Foreign Exchange Market on Thursday (31 Aug) following the US released inflation adjusted numbers. higher While investors keep an eye on US non-farm payrolls today to assess the direction of interest rates of the US Federal Reserve (Fed) – New York gold futures closed lower on Thursday (Aug. 31), with the market being pressured by The appreciation of the dollar and concerns regarding rising inflation in the United States. While investors keep an eye on US nonfarm payrolls today. to assess direction The interest rate of the Federal Reserve (Fed) – Investors keep an eye on the US non-farm payrolls figure in August today. While analysts expected Employment numbers will increase by 170,000 in August. following adding 187,000 jobs in July and expects that the unemployment rate in August will stable at 3.5%
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