A money manager from Bank of Ayudhya revealed that the baht opened this morning’s market at 32.78 baht / dollar, depreciating from The market closed yesterday evening at 32.73 baht / dollar as the dollar strengthened following higher bond yields. following being supported by numbers The US economy came out well, both the economic growth rate in the fourth quarter of 2022 and the number of weekly jobless claims.
While the direction of foreign capital during this period has both inflows and outflows. Although the number is high, but the proportions are similar.
“The baht depreciated in line with global market trends. As the dollar strengthens once morest the major currency following being supported by numbers The US economy is doing well,” said the money manager.
Money managers estimate the movement of the baht today at 32.65 – 32.95 baht / dollar.
THAI BAHT FIX 3M (Jan. 26) was at 1.26207%, while THAI BAHT FIX 6M was at 1.52568%.
The latest SPOT is at 32.88375 baht / dollar.
- important factor
- The yen was at 129.75 yen/dollar from yesterday evening at 129.95/96 yen/dollar.
- The euro was at $1.0897/euro from yesterday evening at $1.0893/0897.
- Thai baht/dollar exchange rate The BOT’s interbank weighted average was at 32.686 baht/dollar.
- Thai gold tests 30,000 baht once more following the world gold is on the rise, there is a chance to see 2,000 dollars per ounce once more. This year, the Thai market
There is a chance to hit a new high of 32,000 baht per gold baht.
- The survey showed that most economists expect the world economy to grow no more than 2% this year as it tends to
face more risks The results of this survey are contrary to many. The previous forecast was in a positive direction.
- US Department of Commerce Released the first estimate for the quarterly gross domestic product (GDP).
March 4/2022, stating that the US economy grew 2.9% in the quarter. This beat analysts’ expectations of 2.8%.
After expanding 3.2% in the third quarter
- The Labor Department reported initial claims for unemployment benefits fell 6,000 to a seasonally adjusted 186,000.
last week Against analysts who expected an increase to 205,000
- Bitcoin surged past $ 23,000 or above 750,000 baht last night. in line with the rise of the Wall stock market
Street responds to strong US economic data
- The U.S. dollar gained once morest major currencies in trading at the New York Stock Exchange on Thursday (March 26).
c.) In response to better-than-expected US economic data. While investors keep an eye on the Federal Reserve (Fed) meeting next week.
- New York gold futures closed lower on Thursday (Jan 26) as strong US economic data pushed investors.
Capital sells gold as a safe haven asset. In addition, the appreciation of the dollar is also a factor to pressure the gold market.
- Today’s US economic numbers are Personal Consumption Expenditure (PCE) Price Index for December. by index
PCE is a measure of inflation that the Fed cares regarding. Because it can detect changes in consumer behavior. It also has coverage.
Prices of goods and services broadly outperformed the Consumer Price Index (CPI), January Consumer Confidence Index and pending home contract sales.
Closing sale (pending home sales) Dec.
- Investors keep an eye on the Fed’s monetary policy meeting next week. While most investors predicted that Fed will raise rates
Interest is only 0.25% in the meeting on 31 Jan. – 1 Feb. following the Consumer Price Index (CPI) and the Producer Price Index (PPI) of the US indicates.
that US inflation has peaked
