The Kasikorn Research Center reported on the situation of the baht strengthening in the last week of 2021, with the baht depreciating at the beginning of the week in line with the Yuan and other Asian currencies amid concerns over the COVID-19 outbreak. Omicron species both at home and abroad
However, the baht’s depreciation framework is limited. This is due to continued support from the net buy position of foreign investors in Thai stocks. while the dollar Faced with sales force from time to time After it was reported that Symptoms of people infected with COVID-19 The omikron strain can be mild. and there is a low risk of hospitalization
The market closed on Thursday (30 Dec. 20). The baht hit the highest level in almost two weeks at 33.32 baht per dollar. before returning to close the domestic market at 33.38 baht per dollar compared to the level of 33.45 baht per US dollar On the previous Friday (24 Dec. 20)
For the next week (3-7 Jan. 20), KASIKORNBANK sees the movement of the baht at 32.80-33.80 baht per dollar. Meanwhile, the Kasikorn Research Center assesses important factors that need to be monitored, namely, the direction of foreign funding. Covid-19 situation and inflation figures for December Thai stuff
In addition to tracking important US economic numbers, such as non-farm payrolls data. unemployment rate Private Employment, PMI and ISM Index, Manufacturing and Service Sectors in Dec. Number of job openings and labor turnover rates Factory orders for Nov. Number of weekly unemployment claims and the minutes of the Fed meeting on 14-15 Dec. 64 In addition, the market is also waiting for the December PMI data of China, the Eurozone and the UK, and the inflation numbers for December. of the Eurozone as well