2023-08-03 10:54:48
InfoQuest News Agency (03 Aug. 23)
Money managers from Bangkok Bank revealed that the baht closed this evening at 34.63 / 69 baht / dollar, depreciating from the range. The morning market opened at 34.43 baht/dollar. During the day, the baht moved within a range of 34.40 – 34.69 baht/dollar. The baht moved in line with the buying-selling pressure during the day. Local factors that pressured the baht were political uncertainty. Part of the market is taking profits, waiting for numbers from the US and Europe, together with the baht depreciating since the morning. Due to receiving the news last night that the US private employment numbers came out much better than the market expected. Resulting in today’s baht depreciation. and the dollar appreciates “Political factors in our country affect the baht. But I think that is not the main factor that causes the baht to weaken. The baht continues to follow the money. The dollar is essentially more,” the money manager said. Assessment of the movement of the baht tomorrow at 34.40 – 34.80 baht / dollar economic figures. To be followed tonight is the Purchasing Manager’s Index (PMI) for the final service sector in July from the US S & P Global * Important factor – the yen was at 142.75/95 yen/dollar from the morning. level 143.19 yen / dollar – the euro was at 1.0900/0950 dollars / euro from the morning level of 1.0947 dollars / euro – the SET index closed today at 1,529.01 points, down 21.27 points (-1.37%) with trading value 51,343 million baht – summary of trading volume by group foreign net sales of 2,934.58 million baht (SET+MAI) – The Speaker of the National Assembly announced the postponement of the Prime Minister’s vote. Going out tomorrow indefinitely Wait until the Constitutional Court has a decision on whether to accept or not accept the Ombudsman’s petition. In the case of the 2nd round of nomination of the prime minister, with this petition being considered on August 16, this has resulted in the postponement of the press conference to establish the Pheu Thai Party’s government today as well. – Macroeconomics expert , SCB, EIC and KTB have the same view that The Monetary Policy Committee (MPC) will raise the policy rate one more time to 2.5% and maintain the policy rate at that level. from the rate factor High Risk Inflation – Financial markets expect the Bank of England (BoE) to raise interest rates by 0.25% to 5.25%, the highest level in 15 years, at today’s meeting. And it will be 14 consecutive rate hikes, but there is a possibility that the BoE will surprise with a 0.50% rate hike like in the June meeting. Because the British inflation rate is still at the level. Highest among the world’s largest economies – Oxford Economics released its latest survey. business groups view tension geopolitical Geopolitical tensions are the biggest threat to the global economy today – final services Purchasing Managers’ Index (PMI) for July from S&P. The Global/CIPS reading dropped to 51.5 from 53.7 in June and was on par with July’s preliminary services PMI. – Caixin/S&P Global released the results of the survey today, indicating that the Purchasing Managers’ Index (PMI) for the service sector in July. China’s benchmark rose to 54.1 from 53.9 in June, beating analysts’ expectations of a decline of 52.5.
By Paphatsorn Ongphichetmetha/Ratchada Khongkhuntien
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