Thai baht market conditions: closed 33.29/31, depreciating from the morning against the region | RYT9

Bangkok Bank treasury revealed that the baht this evening was at 33.29/31 baht/dollar, depreciating from the morning market opening at 33.26 baht/dollar.

This evening, the baht closed down. from the sales force of the outstanding balance from the long holiday On the other hand, most of the regional currencies were slightly stronger and did not move much. During the day, the baht moved in a frame of 33.20 – 33.40 baht/dollar.

As for the factors that need to be monitored tonight are the numbers from the US. both the number of job openings and labor turnover rate (JOLTS) in November and the manufacturing sector index in December. from the US Institute of Supply Management (ISM).

Money managers estimate the baht movement frame tomorrow at 33.15 – 33.45 baht/dollar.

  • important factor

  • The yen was at 115.84/87 yen/dollar from 115.37/dollar in the morning.
  • The euro was at $1.1300/04/euro, from $1.1306/euro in the morning.
  • The SET index closed today at 1,670.28 points, up 12.66 points (+0.76%), trading value 100,015 million baht.
  • Group Trading Volume Summary Foreigners buy net 6,237.51 million baht (SET+MAI)
  • – Director-General of the Department of Medical Sciences Ministry of Public Health (MOPH) revealed the results of species classification, surveillance since opening

Country As of November 1, 64, there were 2,062 cumulative omikron infections, representing 19.08%, divided into those who traveled from abroad.

1,150, with 957 confirmed cases in the country. Omikron has now been found in 54 provinces and has been found in all districts.

health

  • The Cabinet meeting (Cabinet) approved the budget budget for the fiscal year 2023 in the amount of 3,185,000.

million baht, an increase of 85,000 million baht from fiscal year 2022, or an increase of 2.74%.

  • The Cabinet meeting (Cabinet) approved the improvement of the public debt management plan. Fiscal Year 2022 No. 1

which is proposed by the Public Debt Management and Policy Committee The total limit has been changed to 75,230.19 million.

baht

  • The Cabinet meeting (Cabinet) approved the improvement of the rules for implementing the low-interest loan program to help people

SMEs operators of the Government Savings Bank or the Soft Loan project, GSB revitalizes Thai tourism, amounting to 5,000 million baht.

per income not exceeding 5 hundred thousand baht, 3.99% interest per year, no collateral required) by expanding the project’s target group to cover other businesses received

The impact of the Covid-19 epidemic, such as small producers, wholesalers, retailers, in order for SMEs to receive assistance thoroughly and

more coverage Previously, credit was given to target groups of SMEs in business related to tourism and supply chain such as shops.

food, spa business, Thai massage, tour buses, guesthouses and extending the loan application period until 30 Sept. 65 from

Originally ending on 30 Dec.

  • The Bank of Thailand (BOT) revealed that the Business Confidence Index in December 2021 was at 49.0, adjusted.

It was up slightly from 48.4 in November. and starting to come back close to the pre-Covid level (Pre-COVID)

  • The Office of Industrial Economics (NESDB) expects the gross domestic product (GDP) of the industrial sector in 65

will grow 2.5-3.5%, while the Manufacturing Production Index (MPI) is expected to grow 4.0-5.0% from 5.2% in 2021, as a result of

Export market continues to expand Including the domestic market starting to recover from the relaxation of Covid-19 control measures. and stimulus measures

various government economies

  • China launches digital yuan wallet application “e-CNY (pilot version)”, available for download today on the app.

China’s Android and iOS app store in Shanghai It will be made available only to selected users through the supported institutions that provide it.

e-CNY services including major domestic banks

  • Shares of China Evergrande Group rose regarding 3 percent following it resumed trading on the Hong Kong Stock Exchange in the followingnoon.

Today, yesterday (Dec. 3), the company’s shares were temporarily suspended. while the share value is 1.59 Hong Kong dollars per share. which is still higher

The lowest level was 1.42 Hong Kong dollars that was traded on Dec. 24.

  • Investors in financial markets watched the US Department of Labor released its December nonfarm payroll numbers on Friday.

This, if the figure came out stronger than analysts had expected. It may cause the US Federal Reserve (Fed) to raise rates.

Interest is faster than expected Analysts expect the Fed to raise interest rates as early as in March. This is the month the Fed ends the buy program.

Bonds following quantitative easing (QE) and will raise interest rates three times this year.


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