KASIKORNBANK (KBANK) has forecast the baht movement next week (10-14 Jan 20) at 33.20-34.00 baht/dollar, while the Kasikorn Research Center assesses key factors that need to be monitored, namely, the direction of funds of foreign and the COVID-19 situation
while the important US economic numbers are the consumer price index. Producer Price Index Import/Export Price Index Retail Sales Industrial Production Dec. Consumer Confidence Index (preliminary) for January and weekly unemployment claims
In addition, the market is waiting to track the consumer price index. Producer Price Index New loans in RMB currency December exports of China and industrial production data November unemployment rate of Europe as well
Last week, the baht fluctuated with its initial appreciation. before turning to the lowest level in two weeks, with the baht appreciated during the first working day. of the year in line with capital inflows In particular, the net buying pressure of foreign investors in short-term bonds and Thai stocks. However, the baht has weakened since mid-week. while the dollar Appreciated as US monetary policy tightening signal. reflected in the minutes of the Fed meeting. which indicates Fed has discussions on balance sheet management. This may happen during the Fed’s gradual hike in interest rates. after the end of QE measures this year
Yesterday (Jan. 7), the baht closed at 33.67 baht/dollar, after hitting a two-week low of 33.74 baht/dollar, compared with 33.41 baht/dollar the previous Thursday ( 30 Dec. 21)
.