Thai baht market conditions: closed 34.57, strengthened after the US bond yield | RYT9

Treasury managers from Bank of Ayudhya revealed that the baht closed this evening at 34.57 baht / dollar, appreciated from The market opened in the morning at 34.63 baht/dollar.

This evening, the baht appreciated slightly from the morning in line with most regional currencies. during the baht day moving within a frame of 34.49 – 34.66 baht/dollar due to intraday US Treasury yields fell As a result, the dollar weakened.

You must follow the Federal Reserve’s (Fed) officials to comment on monetary policy tonight.

treasury Assessing the movement of the baht tomorrow at 34.45 – 34.65 baht / dollar

  • important factor

  • The yen was at 130.16 yen/dollar from the morning’s 130.17 yen/dollar.
  • The euro was $1.0554/euro, from $1.0561/euro in the morning.
  • The SET index closed today at 1,622.78 points, an increase of 18.29 points (+1.14%), trading value 83,382 million baht.
  • Group Trading Volume Summary Foreigners buy net 2,600.04 million baht (SET+MAI)
  • Center for Economic and Business Forecasting University of the Thai Chamber of Commerce revealed that the Consumer Confidence Index in April 65 is

It was at 40.7, down from March’s 42.0, the fourth straight month of decline and the lowest in eight months.

The confidence signal is not good. and do not see a trend to improve The decline in confidence was mainly due to cost of living and price problems.

oil, as well as rising product prices The Thai economy tends to slow down continuously. pointed out that at present the economy does not have a picture

of recovery and looking to the future Consumers believe that the economy will continue to seep.

  • Krungsri Research Bank of Ayudhya (BAY) expects inflation in May tends to accelerate according to the adjustment

The increase in the prices of energy products. In addition, the impact of the prolonged Russian-Ukrainian conflict and sanctions measures

As a result, global oil and commodity prices remained high. which will continue to be a factor depressing inflation in the next period.

increased risk That this year’s inflation rate might be higher than expected at 4.8%.

  • The Cabinet (Cabinet) approved the draft principle. Social Security Act by improving and amending the benefits of the Social Security Fund in the case of

Old age allows the insurer to bring some old age money to use first (please choose, request a refund and request a loan)

  • The Cabinet has approved tax and fee measures. For real estate investment trusts that have

Buy back assets (REIT buy-back measure) to enhance liquidity for entrepreneurs and reduce the burden on the affected business sector.

Affected by the spread of COVID-19

  • Billionaire cryptocurrency investor and executives of Galaxy Digital Holdings predicted that The digital asset market has

It is volatile and faces further pressure for at least the next few quarters. Because cryptocurrencies still moving in the direction

US stock market

  • An economist at Bank of America Securities (BofA Securities) said that Southeast Asia

The South tends to face serious risks of social turmoil. If food prices rise a lot Because the amount of people in the country

Things such as the Philippines, Indonesia and Vietnam spend a high percentage on food. compared to other countries

  • The European Bank for Reconstruction and Development (EBRD) lowered its forecast for Ukraine’s economy this year, expecting may collapse

30% as a result of the Russian invasion. Russia’s invasion of Ukraine has had an impact on the energy trade. commodity

agriculture, including fertilizer, and also resulted in the supply chain stagnation. leading to a slowdown in the economy across Eastern Europe


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