Kasikorn Bank (KBANK) sees the baht movement frame for the next week (27 Sep.-1 Oct.) at 33.00-33.80 baht/dollar. The baht gradually weakened in line with foreign investors’ net selling pressure in the Thai bond market. and pressure on risky assets as a whole amid concerns over the situation of Chinese real estate companies. In addition, the dollar was driven by a statement from the Fed chair that reflected that The Fed may soon start slowing its QE measures (maybe November), while a new set of dot plots suggest US interest There may be an increase in the next year. However, the baht recovered partially at the end of the week in line with other Asian currencies.
On Thursday (Sept. 23), the baht weakened to a test of 33.60, its lowest level in four years, before returning to close at 33.25 against 33.22 baht per dollar. On the previous Friday (17 Sept.)
The main factors in the country that must be monitored are the results of the Monetary Policy Committee (MPC) meeting, investments of foreign investors. Covid-19 situation and the Aug. Salary Economic Report of the Bank of Thailand (BOT)
While important US economic numbers are Consumer Confidence Index, PMI/ISM Index, Manufacturing Sector in September. durable purchase orders Pending home sales contracts and PCE/Core PCE Price Indices August 2Q21 GDP and weekly unemployment claims
In addition, the market is waiting to monitor the situation of real estate companies and industrial profit data for August. of China, including the September PMI of China, the Eurozone and the United States.