2023-06-16 02:06:02
A money manager from Bank of Ayudhya revealed that the baht opened this morning’s market at 34.60 baht / dollar, appreciating from The market closed yesterday evening at 34.80 baht / dollar, moving in line with regional and global markets. As the dollar depreciated against major currencies after the sell-off of the dollar came from the European Central Bank (ECB)’s decision to raise interest rates. together with the requested number US Weekly Unemployment Benefits Announced higher than expected Causing the market to expect that the US Federal Reserve (Fed) has a chance to come back to raise interest rates again.
“Today, the baht is likely to fluctuate in an appreciation direction. after opening the market, appreciating according to the world market Because there is a factor that drives the dollar to weaken, ”said the money manager.
money manager Estimates the movement of the baht today at 34.45 – 34.75 baht / dollar, the market is waiting to see the results. The Bank of Japan (BOJ) meeting is expected to hold interest rates unchanged. But if there is a policy change, it may cause market volatility. THAI BAHT FIX 3M (June 15) was at 2.02206%.
THAI BAHT FIX 6M is at 2.27183%.
important factor
– The yen was at 140.17 yen/dollar from yesterday evening at 141.05/06 yen/dollar.
The euro was at $1.0944/euro from yesterday evening at $1.0841/0845/euro.
– Baht/dollar exchange rate Interbank weighted average of the BOT. At the level of 34.826 baht / dollar
– economist Concerned about the slow government establishment, the more aggravating the Thai economy, Pipat reveals that the private sector has begun to let go of vacant gear, slowing down investment and waiting to see the new government’s attitude. I” reveals the “3 policies” of the Progressive Party that change the structure of the Thai economy differently.
– ‘SMEs’ are shocked in the third quarter, lack of budget to stimulate the economy. Concerned about busy politics – weak purchasing power, indicating that the establishment of the Royal Thai Army is slow, affecting all sectors The Department of Internal Trade reveals July Egg prices return to normal
– “Kobsak” suggests 3 questions for the new government increase attractiveness to attract foreign investment boosting the Thai economy After meeting in the past capital flows continuously The reason is no longer a bunker. “Pakorn” looks at this year’s investment as challenging, but “the economy and the Thai stock market” are still outstanding.
– Gold prices dropped, but YLG looks at the medium-long term, uptrend, testing new highs at $ 2,079 per ounce. point out that the new generation is interested Capital flocks to ask for advice, open the Get Gold app, buy and sell spot gold in real time. Initial investment 100 baht
– A big event for CEOs of Chinese descent, opening an agenda on 4 topics, discussing joint development of trade-investment. ‘Sanan’ projected the economic picture, clarified the 20-year national strategy, mobilized thousands of police, security guards, held a meeting of Chinese businessmen around the world.
– US Commerce Department said Retail sales rose 0.3% in May, beating analysts’ expectations for a 0.1% drop after gaining 0.4% in April.
– The euro strengthens against the US dollar. In trading at the New York Foreign Exchange Market on Thursday (June 15) after the European Central Bank (ECB) announced a rate increase at its latest meeting.
– Dollar pressured by expectations that The Federal Reserve (Fed) is nearing an end to its rate hike cycle, with the latest CME Group’s FedWatch Tool indicating investors 67% weight that the Fed will raise rates by 0.25% at its July meeting. And then will reduce interest rates by December this year.
– New York gold futures closed higher on Thursday (June 15) as the dollar’s depreciation boosted the market, however, the gold market was pressured during the day. Due to concerns about the US Federal Reserve’s (Fed) rate hike signal.
by InfoQuest News Agency (June 16, 2023)
Tags: baht, exchange rate, baht
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