Thai baht market conditions: Close 32.75/77, narrow swing without new factors. anticipating tomorrow

Money managers from Bangkok Bank revealed that the baht closed this evening at 32.75 / 77 baht / dollar, close to the morning market opening at 32.74 baht / dollar.

Today, the baht fluctuates in a narrow range. due to light trading And during the day there are no important factors that affect movement. The movement of the baht is very high. The market is waiting to see important US economic data reports tonight, such as GDP for the 4th quarter of 2022 (preliminary estimates), new home sales in December. and the number of weekly unemployment benefits

While today, the Chinese stock market remains closed for the Chinese New Year holiday.

Money managers expect the baht to move tomorrow in the range of 32.60 – 32.80 baht / dollar.

  • important factor

  • The yen was at 129.95/96 yen/dollar from 129.12 yen/dollar this morning.
  • The euro was at $1.0893/0897 from an early session of $1.0918.
  • The SET index closed today at 1,671.34 points, down 10.77 points (-0.64%), trading value at 72,405.67 million baht.
  • Group Trading Volume Summary Foreigners net buy 1,276.03 million baht (SET+MAI)
  • state financial institution It is necessary to raise the loan interest rate. effective from January 2023 onwards

to be in line with market interest rates

  • Toyota Motor Thailand forecasts that car sales in 2023 will be 900,000 units, or an increase of 6% from the previous year.

Thai automotive industry trend this year Will return to normalcy gradually, along with the recovery of the overall economy.

  • The United Nations (UN) released the 2023 Global Economic Situation and Outlook Report, stating that the economy

The world in 2023 is likely to grow by only 1.9%, which is a sharp drop from the year 2022 that was projected to grow at 3.0% by the expected figure.

The economic outlook for 2023 is one of the lowest in decades.

  • The UN urges governments around the world to avoid fiscal austerity. because it will hinder the growth of

economy and affect the most vulnerable sectors. with a warning that slower economic growth coupled with rising inflation

fast and fragile conditions caused by the debt crisis will affect efforts to achieve the Sustainable Development Goals

  • The Bank of Japan (BOJ) released the Summary of Opinions from its regular meeting.

January, stating that many BOJ directors stressed the need to assess the impact of expanding the bond yield framework.

The Japanese government in December said the BOJ needed to continue monetary easing. because the goal has not yet been reached

inflation at 2% level

  • The president of the European Central Bank (ECB) has said he will continue to raise interest rates. But some analysts are still uncertain.

How long will the ECB continue with its tight monetary policy?

  • US economic data That will be reported tonight: weekly jobless claims, sales.

new home Dec. and GDP figures for the 4th quarter of 2022 (preliminary estimates)


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