Thai baht market conditions: closes 37.41, market waits to see US job numbers tonight- US inflation | RYT9

A treasury manager from the Bank of Ayudhya revealed that the baht closed at 37.41 baht/dollar this evening, close to 37.43 baht/dollar in the morning.

During the day, the baht fluctuates quite a bit. With the highest appreciation at 37.33 baht / dollar and weakest at 37.51 baht / dollar today there is a strong sell-off of bonds from foreign investors of about 1.6 billion baht, while investors are waiting to see the number of non-employment jobs. US agriculture in September, with the market expected to be at the level of 250,000 people.

while next week One key factor investors were waiting to see on Thursday was the US September inflation report.

“Next week, our house is only open for 3 days because there is a long holiday. Therefore, the market is expected to digest the US non farm numbers at the beginning of the week because during the US inflation report. Our house is on a long holiday,” said the treasury manager.

Treasury managers expect the baht next week to move within the range of 37.30 – 37.50 baht/dollar.

  • important factor

  • The yen was at 144.84 yen/dollar from the morning session of 145.00 yen/dollar.
  • The euro was $0.9804/euro from 0.9794 in the morning.
  • The SET index closed today at 1,579.66, down 9.52 points (-0.60%), with a trading value of 50,536 million baht.
  • Group Trading Volume Summary Foreign net sales 3,213.50 million baht (SET+MAI)
  • The Bank of Thailand (BOT) reveals that the overall Thai financial system in 3Q22 is stable, but risks must be monitored.

from higher inflation This will affect the debt serviceability of households and businesses. and may affect credit quality by

only the fragile group as well as monitoring the volatility of the global financial market that may increase in the next period

  • Minister of Finance gave a keynote address on the topic “Developing Thai Capital Market for the Next Decade”, stating that the context of

Today’s financial markets are very different from the past. because both Digital coin and Digital asset play an additional role in

financial markets, where regulators or regulators must lay down rules for regulating this type of business in a balanced way, without

Create obstacles in business But at the same time, businesses must not take advantage of the people. which will cause widespread damage

  • The head of the International Monetary Fund (IMF) said the outlook for the global economy was deteriorating. and the risk that the economy will

The recession was growing rapidly, so the IMF decided to further downgrade its economic growth forecasts. and warned that the increase

Interest rates too fast could lead to a long recession.

  • The European Central Bank (ECB) continues to pressure some banks to be cautious about paying bonuses and annual dividends.

2022 amid concerns about the deteriorating economic outlook from the energy crisis The aforementioned warning is an urgent matter.

Because the ECB now sees the European economy will slow down heavily next year.

  • The governor of the US Federal Reserve (Fed) has said the Fed needs to continue raising interest rates until early next year to

keep inflation down This reflected that Mr. Waller showed little support for the Fed to ease its monetary policy tightening.

  • President of the Federal Reserve Bank (Fed) Cleveland Branch said. The US unemployment rate tends to increase slightly as a result of

from the Fed’s interest rate hike. But that won’t stop the Fed from fighting inflation, which is its only major mission.

fed now

  • The Economist Intelligence Unit (EIU), an economic analysis agency, said Asian currencies tend to

will depreciate for another quarter After the US Federal Reserve (Fed) continued to raise interest rates.

  • Important US economic data To be reported next week include the Monetary Policy Committee.

The Federal Reserve (FOMC) released the minutes of its meeting on September 20-21, weekly unemployment claims, the price index.

Consumption (CPI) Sept.


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