Treasury managers from Bank of Ayudhya revealed that the baht closed this evening at 37.16 baht/dollar, depreciating from The market opened in the morning at 37.08 baht/dollar. Intraday, the baht moved in a range of 37.04 – 37.20 baht/dollar, still at its weakest level in 16 years.
The baht weakened as did regional currencies. Today, after Russian President Vladimir Putin announced a mobilization and deployment of troops, the market returned to buy safe-haven assets such as the dollar and the yen.
treasury Assessing the baht movement frame tomorrow at 37.00 – 37.30 baht/dollar by giving a broad frame because tonight is likely to be volatile. be careful Because tonight there will be a meeting of the Federal Reserve’s Monetary Policy Committee (FOMC), which has to wait to see the interest rate estimates of Fed officials primarily that. This round, interest rates will be raised at 0.75% or 1%.
- important factor
- The yen was at 143.87 yen/dollar from the morning’s 143.71 yen/dollar level.
- The euro was at $0.9931/euro, from $0.9962/euro in the morning.
- The SET index closed today at 1,633.45 points, down 5.14 points (-0.31%), with a trading value of 70,141 million baht.
- Group Trading Volume Summary Foreign net sales 1,096.63 million baht (SET+MAI)
- Gen. Prawit Wongsuwan, Deputy Prime Minister, said that at a meeting of the Cabinet (Cabinet) yesterday assigned the Ministry to
Treasury to discuss with the Bank of Thailand (BOT) and related agencies in case the baht depreciated as much as 37 baht / dollar during this period.
because he saw that he couldn’t let it float too much Considering that the appropriate baht should be around 35 baht/dollar.
- The Finance Minister revealed that he is preparing to meet with the Bank of Thailand (BOT) about the problem of the baht’s depreciation.
Mainly caused by what factors? as well as assessing that the baht’s depreciation situation at the moment In what ways, but not yet affected
When will the meeting be concluded?
- The Ministry of Public Health has issued two announcements, which were published in the Government Gazette on 20 Sept. 65, by announcing
Both issues will have the effect of canceling the coronavirus disease 2019 (Covid-19) from a dangerous communicable disease. and then defined as a contagious disease that must be monitored
Be careful from 1 Oct. 19 onwards.
- The Office of the Election Commission (Election Commission) revealed that the Election Commission has prepared a plan to hold general elections. case of the House of Representatives
The term expires on March 23, 66. Initially, the Election Commission has designated May 7, 2023 as the general election day. Applications are open from 3-7 April.
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- The Bank of Japan (BOJ) has announced the purchase of Japanese government bonds without a predetermined amount. with the goal of intercepting the rise.
of bond yields Before the BOJ committee announces the results of the monetary policy meeting tomorrow.
- The former head of the Japanese Finance Ministry’s currency department revealed that Japan is now ready to intervene in the foreign exchange market.
(FX) at any time if necessary And there is no need to wait for US authorization to support the yen.
- European Chamber of Commerce The report warned that European firms were beginning to lose confidence in doing business in China and cut down.
The view that used to refer to China as an investment destination This is mainly due to China’s implementation of policies to control the spread of COVID-19.
19 that lack flexibility and continuity