A treasury manager from Bank of Ayudhya revealed that the baht opened at 37.43 baht/dollar, depreciating from yesterday evening at 37.28 baht/dollar.
This morning, the baht depreciated from yesterday evening. And also moving in a depreciation direction in line with other regional currencies. Because it is one of the key numbers that the US Federal Reserve (Fed) will use to assess the direction of the policy rate hike at the next meeting in November. This round, the market estimates that there is a 60-70% chance that the Fed will raise interest rates another 0.75%.
“This morning, the baht moved depreciating. Group with regional currency It is expected that the baht will continue to fluctuate slightly today. The market is waiting to see the number of US non-farm payrolls. to come out tonight Because it’s an important number to use to assess the direction of the Fed’s interest rates as well,” said a treasury manager.
Treasury managers expect the baht to move within the range of 37.30-37.50 baht/dollar today.
THAI BAHT FIX 3M (6 Oct) is at 1.02839% while THAI BAHT FIX 6M is at 1.09833%.
The latest SPOT is at 37.42000 baht/dollar.
- important factor
- The yen was at 145.00 yen/dollar from yesterday evening at 144.68 yen/dollar.
- The euro was at $0.9794/euro from 0.9890/euro yesterday evening.
- Baht/dollar exchange rate The BOT’s interbank weighted average was at 37.250 baht/
dollar
- “Siam Commercial” supports the business sector. Prepare credit limit recovery for adaptation Increase competitiveness in context
Global Trade Gets Mega Trends “Digital Society-Green-Innovation” offers a special interest rate of 2% per annum for the first 2 years.
- The Bank of Thailand studies the infrastructure Pop up trading platform exchange rate Not favoring SME entrepreneurs
to bank service Make currency trading transactions more convenient, faster – low cost. Ready to open the way for entrepreneurs to compete in business
more clearly expected next year Krung Thai Bank affected profit-revenue
- Pfizer vaccine for young children has arrived in Thailand Kick-off injections of children 6 months – 4 years at the same time across the country on October 12, must be injected 3
Needles within 4 months, 3 hundred thousand voluntary reports have been disclosed.
- The Labor Department reported that initial claims for unemployment benefits rose 29,000 to 219,000.
last week and exceeded the 203,000 analysts expected.
- The US dollar strengthened against the major currencies in trading at the New York Stock Exchange on Thursday.
Oct), driven by expectations that The US Federal Reserve (Fed) will raise interest rates by 0.75% for the fourth time in
November meeting While investors are eyeing the release of US non-farm payrolls today.
- New York gold futures ended stable on Thursday (Oct. 6) before the US Department of Labor released payroll numbers.
Non-agricultural jobs for September today
- St. Louis Fed President predicts that The Fed may raise interest rates another 1.25% before the end of 2022.
Because inflation is still at a very high level.
- Investors expect The Federal Reserve (Fed) will raise interest rates by 0.75% at its policy meeting.
Finance in Nov. As Fed officials continue to support accelerating interest rate hikes to curb inflation. If the Fed raises interest rates
0.75% in November would send the Fed to raise interest rates by 0.75% for the fourth time after rising 0.75% in both June and July.
and Sept.
- The CME Group’s FedWatch Tool indicates that investors are weighing 70.7 percent that the Fed will raise interest rates by 0.75% to
It’s 3.75-4.00% at its Nov. 1-2 meeting and weights only 29.3% that the Fed will raise interest rates by 0.50%.
- important economic data today The US will report the number of non-farm payrolls in September. predicted by analysts
That the number of jobs will increase by just 265,000 in September. After rising 315,000 jobs in August and expected
The unemployment rate in September will remain stable at 3.7%.
- Investors are eyeing the minutes of the Fed’s September meeting on Oct. 12 and consumer price index figures.
(CPI) on Oct. 13 to find an indication of the direction of the Fed’s interest rates.