Post by account_disabled on Dec 30, 2023 4:04:34 GMT
Global Markets Group Bank of Ayudhya Public Company Limited has a view on the direction of the baht this week that There is a tendency to move in the 30.25-30.60 range. per dollar compared to a weak close of 30.40 per dollar last week. After the baht hit its weakest level in three months following capital outflows and loss-making, foreign investors sold 6.8 billion baht and 3.8 billion baht in the stock and bond markets, respectively. Krungsri's Global Markets Group views that the overall movement of major currencies is in a state of lower volatility than the average in many years and the US stock market. Still moving forward to a new all-time high.
While the dollar continues to B2B Email List strengthen Supported by US economic data that remains bright, despite limited investor response to the signing of the first phase of the US-China trade deal, Chinese economic data indicates more stability. Such dynamics are likely to put pressure on the yen in this period. It is expected that the Bank of Japan (BOJ) and the European Central Bank (ECB) will decide to maintain their policies as before at this week's meeting. The pound remains volatile as weak economic data fuels speculation that the Bank of England (BOE) may cut interest rates sooner. for domestic factors The market will follow December's export-import data, which is expected to improve slightly.
The Bank of Thailand (BoT) reiterated that it was concerned about the strengthening of the baht. The continued increase in international reserves reflects the BoT's control over the value of the baht and the BoT, ready to take additional measures if speculation is found. However, we note that the clarification that the baht's appreciation is a result of a trade surplus. at a high level while investment abroad is still limited reflect that structural factor This indicates that there is no need for tough measures, especially regarding inbound funds.
While the dollar continues to B2B Email List strengthen Supported by US economic data that remains bright, despite limited investor response to the signing of the first phase of the US-China trade deal, Chinese economic data indicates more stability. Such dynamics are likely to put pressure on the yen in this period. It is expected that the Bank of Japan (BOJ) and the European Central Bank (ECB) will decide to maintain their policies as before at this week's meeting. The pound remains volatile as weak economic data fuels speculation that the Bank of England (BOE) may cut interest rates sooner. for domestic factors The market will follow December's export-import data, which is expected to improve slightly.
The Bank of Thailand (BoT) reiterated that it was concerned about the strengthening of the baht. The continued increase in international reserves reflects the BoT's control over the value of the baht and the BoT, ready to take additional measures if speculation is found. However, we note that the clarification that the baht's appreciation is a result of a trade surplus. at a high level while investment abroad is still limited reflect that structural factor This indicates that there is no need for tough measures, especially regarding inbound funds.