A money manager from Bank of Ayudhya revealed that the baht opened this morning’s market at 34.47 baht / dollar, depreciating from The market closed yesterday evening at 34.30 baht / dollar.
The baht moves in line with the global market direction. Because the dollar strengthens with buying pressure. After being supported by the US Producer Price Index, which announced an increase of 6.0%, higher than the market’s expectation of 5.4%, the market expected the Federal Reserve (Fed) may continue to increase. high interest rate In addition, Fed officials came out to comment on the possibility that the Fed will increase. Interest at the level of 0.5%
“The baht depreciated in line with global market trends. because the Producer Price Index figure came out better than expected The market expects that the Fed will continue to use strong drugs. Today, the baht is likely to fluctuate in a weaker direction. Because there are exporters waiting for the moment to sell dollars, “said the money manager.
Money managers estimate the movement of the baht today at 34.30 – 34.60 baht / dollar.
THAI BAHT FIX 3M (Feb. 16) was at 1.34192%, while THAI BAHT FIX 6M was at 1.58219%.
The latest SPOT is at 34.54625 baht / dollar.
- important factor
- The yen was at 134.23 yen/dollar from 133.80 yen/dollar yesterday evening.
- The euro was at $1.0657/euro from $1.0704/euro yesterday evening.
- Thai baht/dollar exchange rate Interbank weighted average of the BOT. At the level of 34.225 baht / dollar
- The baht fluctuated sharply, depreciating more than 1.6% in one day, recently breaking through to 34.3 baht per dollar. while volatility surges
‘Analysts’ indicate that the dollar is strong, investors are afraid that the ‘Fed’ continues to raise interest rates to warn once morest higher volatility.
Entrepreneurship, hijacking the National Bank to maintain currency stability Emphasizes that the weak or strong baht is not as important as maintaining stability.
- The bank launches a special deposit interest campaign. high yield It is expected that the whole system will grow 4-4.5% with accumulated funds of 16.5-16.7 million.
million baht, waiting to lend to entrepreneurs Demand is estimated at 15.3-15.5 trillion baht due to the recovery of the Thai economy, accelerating investment.
- “REIC” predicts that the real estate market in 2023 is tumultuous, spreading negative factors Afraid of high household debt, worried regarding LTV, interest rates soaring
Press demand to slow down. Looking at housing estates priced at 2-3 million baht, still possible. Worried regarding luxury homes at 10 million baht, overflowing.
- Terrified! “Thai Bankers’ Association” clarifies people who have been damaged by apps that have sucked money 500 million baht, pointing out that almost 100% is an app system
Android tricks victims into downloading remote apps before transferring money Ready to join the state-private sector to speed up preventive measures
- The US Department of Labor said that The Producer Price Index (PPI), which measures inflation on producer spending, rose.
6.0% in Jan year-on-year higher than analysts’ expectations at 5.4%, the core PPI index excluding food and
Energy rose 4.5% in January year-on-year.
- First-time applications for unemployment benefits fell 1,000 to 194,000 last week. lower than analysts
Expected at 200,000, the number of applicants for unemployment benefits is below 215,000, the weekly average during the period.
before the outbreak of COVID-19 in the United States
- Investors speculate that the Fed may raise interest rates longer than expected. and will raise the highest interest rate to 5.5%
following the United States disclosed higher-than-expected inflation numbers and a strong labor market, according to CME Group’s latest FedWatch Tool.
Investors expect the Fed to raise interest rates by 0.25% three more times at its meetings in March, May and June to a maximum range of 5.25-5.50%.
And will hold interest rates at that level before slashing 0.25% in December this year.
- US Treasury yields rebounded following the US revealed inflation numbers that rose more than expected and a strong labor market
strong, which will be a factor supporting interest rate hikes by the US Federal Reserve (Fed).
- The US dollar was slightly weaker once morest major currencies in trading on Thursday in the New York Stock Exchange.
(Feb. 16) because investors sell for profit at the end of the market. After the dollar gained strength during the day. responded to the prediction that
The Federal Reserve (Fed) will continue to raise interest rates.
- New York gold futures closed higher on Thursday (Feb. 16) as the weakening dollar supported gold futures.
Closed in positive territory following contract prices fell intraday. Due to concerns regarding interest rates rising following US inflation figures were released.
came higher than expected
