Thai baht market conditions: Close 37.97 intraday volatility | RYT9

A treasury manager from the Bank of Ayudhya revealed that the baht opened this morning at 37.97 baht/dollar, depreciating further. Because the market opened in the morning at 37.88 baht / dollar, moving according to the region and the world market. Because of the pressure to buy dollars from concerns. about the direction of interest rates of the US Federal Reserve (Fed) and the global economic slowdown During the day, moving in a frame of 37.83 – 37.98 baht / dollar, while foreign capital flows out of the capital market.

“Today, the baht is volatile. After opening, it came back to appreciate for a while and then came back to depreciate according to the region and global market,” said a treasury manager.

treasury Assessing the movement of the baht tomorrow at 37.85 – 38.10 baht / dollar

  • important factor

  • The yen was at 144.40 yen/dollar from early morning at 144.41 yen/dollar.
  • The euro was at $0.9622/euro from 0.9635 in the morning.
  • The SET index closed today at 1,610.58 points, down 10.67 points (-0.66%), with a trading value of 75,040 million baht.
  • Group Trading Volume Summary Foreign net sales of 1,715.33 million baht (SET+MAI)
  • Kasikorn Research Center said that at the Monetary Policy Committee (MPC) meeting on September 28, it is expected that the MPC will

Raised the policy interest rate by 0.25% to 1.00% amid the pressure from high inflation and the continued depreciation of the baht.

However, the MPC tends to gradually withdraw the economic accelerator. because the Thai economy is still fragile and

still not fully recovered

  • The World Bank revised its economic forecast (GDP) from 2.9% to 3.1% after the consumption sector.

travel and exports to recover But still affected by the disruption of the supply chain (Supply Chain Disruption), which

Thailand will be affected more than other countries. especially automotive products. For the year 66, the World Bank expects the Thai economy to grow at

4.1%

  • Minister of Finance revealed that the Cabinet (Cabinet) has approved the matter. public debt management plan fiscal year

2023, focusing on fiscal policy implementation to stimulate the economy through infrastructure investment and support the impact on the economy

caused by the volatility of oil prices in the world market as well as the unrest between Russia and Ukraine.

  • The Cabinet meeting (Cabinet) resolved to approve the drafting of the Ministry of Interior’s announcement. To improve the target industry

It is meant for foreigners who are highly skilled professionals, investors, high-level executives and entrepreneurs to start. have the right to enter

Residing in the Kingdom as a special case (Smart Visa) from the original 13 target industries to 18 target industries

  • Ministry of Tourism and Sports and Krung Thai Bank (KTB) signed a Memorandum of Cooperation (MOU) in collecting

Domestic tourism customs of foreign tourists to spend on tourism management and development including spending on

Providing insurance for foreign tourists during domestic travel

  • A team of analysts at Morgan Stanley warned that a strong dollar was posing an unprecedented risk.

can be controlled This could lead to another economic and financial crisis.

  • Morgan Stanley predicts that China to ease measures to contain COVID-19 and open the country again within the spring of the year

page, which may help the economy recover. The comments are in line with other big investment bankers.


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