A money manager from Bank of Ayudhya revealed that the baht opened this morning’s market at 32.71 baht / dollar from yesterday evening at 32.82 / 84 baht / dollar.
The baht strengthened from yesterday evening. as well as regional currencies Because last night, the dollar was sold following the Federal Reserve meeting (FOMC) announced that the Fed raised interest rates to 0.25% as expected, bringing interest rates to 4.50-4.75%.
“The Fed’s stance is less aggressive than the market feared. depreciate the dollar The dollar index was the lowest in nine months, and the Fed indicated that it would continue to raise interest rates. But the market is focused on the Fed chairman’s words. that began to see that inflation slowed down The market therefore sees that the Fed is regarding to stop. Interest rates have been raised,” said the money manager.
money manager Estimate the movement of the baht today at 32.60 – 32.90 baht / dollar for factors that To follow today is the meeting of the European Central Bank (ECB) and the Bank of England (BoE).
THAI BAHT FIX 3M (Feb. 1) was at 1.16362%, while THAI BAHT FIX 6M was at 1.43985%.
- important factor
- The yen was at 128.70 yen/dollar from 129.87 yen/dollar yesterday evening.
- The euro was at $1.1008/euro from $1.0885/euro yesterday evening.
- Thai baht/dollar exchange rate Interbank weighted average of the BOT. At the level of 32.902 baht / dollar
- The joint committee of 3 private sector institutions (KorKor.) maintains the projection for the year 2023, expects GDP growth of 3-3.5%, export growth.
1-2% and inflation at 2.7-3.2% following the Thai economy has been supported by the tourism sector. But there is still a risk from the export sector slowing down, worrying regarding electricity bills
Interest increases production costs
- Deputy Prime Minister and Minister of Energy revealed that the growth rate of gross domestic product (GDP) this year may
grew up to 4%, which has not seen a figure of 4% for a long time because for the past 3 years, Thailand has not encountered an ordinary crisis but a great crisis under
The lead of Gen. Prayut Chan-o-cha, the Prime Minister, has joined forces to do everything. To fight and survive until today, the economic situation
Everything returned to a state called recovery. And will return to the original state soon, the economic numbers have improved a lot
- The Fed’s Monetary Policy Committee (FOMC) unanimously raised the short-term interest rate by 0.25% to
4.50-4.75% in today’s meeting which is the highest level since October 2007
- The president of the Federal Reserve (Fed) held a press conference following the monetary policy meeting on Wednesday.
(Feb. 1), stating that inflation in the United States began to slow down. and he views that falling inflation (Disinflationary) in the United States began.
is now visible
- The U.S. dollar weakened once morest major currencies in trading on the New York Stock Exchange on Wednesday (Feb. 1).
After the Federal Reserve (Fed) voted to raise interest rates by 0.25% as expected, and Fed Chairman Jerome Powell said inflation
in the US began to slow down
- New York gold futures closed lower on Wednesday (Feb. 1) before investors knew the outcome of the central bank’s monetary policy meeting.
United States (Fed), with the New York gold market closed for trading before the Fed Board announces its meeting resolutions.
- The U.S. Bureau of Labor Statistics releases its job openings survey and worker turnover rate.
(JOLTS) found that the number of job openings Jobs, a gauge of demand in the labor market, rose 572,000 jobs to 11.0 million.
position in Dec. Contrary to analysts’ expectations, it fell to 10.25 million positions from 10.44 million in November.
- important economic data today England will release the Bank of England (BoE) rate resolution, the EU will open.
The European Central Bank (ECB) announced its interest rate decision.
- Investors will keep an eye on the US nonfarm payrolls release tomorrow. While analysts expect employment numbers to
Only 187,000 jobs were added in January. following adding 223,000 jobs in December and the unemployment rate is expected to increase
rose to 3.6% in January from 3.5% in December.
