A treasury manager from the Bank of Ayudhya revealed that the baht opened at 34.63 baht/dollar this morning, a slight depreciation from yesterday evening at 34.61 baht/dollar.
The direction of the US dollar continues to strengthen. As a result of the US Federal Reserve’s tightening monetary policy (Fed) coupled with the coronavirus situation in China including the conflict between Russia and Ukraine As a result, the market remains closed to risks and holding safe currencies. As a result, the dollar strengthened. and the baht is likely to continue to depreciate
“Overall, the market is still closed to risks. causing the baht to continue to depreciate,” said the money manager.
Treasury managers expect the baht to move in the range of 34.50 – 34.70 baht/dollar, the market is keeping an eye on the index report. Consumer Price (CPI) or Monthly Inflation US Apr. tomorrow night
THAI BAHT FIX 3M (9 May) is at 0.50098%, while THAI BAHT FIX 6M is at 0.68231%.
- important factor
- The yen was at 130.17 yen/dollar from yesterday evening at 131.20 yen/dollar.
- The euro was $1.0561/euro from $1.0526 yesterday evening.
- Baht/dollar exchange rate The BOT’s interbank weighted average stood at 34.526 baht/dollar.
- I-EA-T and BOI aiming for roadshows to attract high-tech foreign investors to pin Thailand Revitalize Thai investment ‘Weris’ reveals IEAT.
Prepare to take the opportunity to meet in Geneva to meet new and old European investors to stimulate investment. On the side of ‘Narit’, BOI organized 5-6 trips to Europe, the United States, Japan
South Korea Australia
- “Commercial” supports the government to expedite a strategy to attract Japan to exercise FTA-RCEP rights, pinning Thai investment Promote the industry BCG promotes business
electric vehicle industry Smart electronics, clean energy
- “Siam Commercial” reiterates the year 65, set a high level of reserves compared to normal to accept uncertain factors credit quality
in a manageable point
- “Nestifly” intends to lend a loan to “P2P” after the Bank of Thailand has given the green light to do business. is the first of Thailand target the owner group
Companies that hold shares in the SET 100 index set a 3-year target, lending amount of 15 billion
- “Krom of Science” ordered 15 centers across Thailand to keep an eye on 3 subspecies of omikron. Fear spreads to Thailand The Ministry of Public Health downgraded the warning level from 4
3 volts left, the situation has improved. While entertainment operators urge the Prime Minister to cancel the Emergency Decree and the Communicable Disease Act, wait for the Thai government during the opening period.
Country brewing pilot to open pubs-bars-oke in 28 provinces to raise foreign confidence
- Bitcoin prices have fallen from the $30,000 level this morning as of 7:34 AM ET.
down $1,200, or -3.86%, to $29,876 as investors feared the Federal Reserve’s acceleration.
raise interest rates will drag liquidity in the risky asset market This includes the cryptocurrency market.
- The US dollar closed slightly lower. in trading at the New York Stock Exchange on Monday (May 9) after
rose to its highest level in 20 years during the day. according to the direction of US bond yields While investors keep an eye on the inflation numbers in April.
of the United States, which is scheduled to be disclosed tomorrow.
- New York gold futures closed lower from $1,860 on Monday (May 9) due to currency appreciation.
The dollar and rising US bond yields put pressure on the market.
- The CME Group’s FedWatch Tool indicates that investors are now weighing 75 percent that the Fed will raise interest rates by 0.75% in
The meeting was held on June 14-15, up from 19% last month.
- Investors are worried that the Fed raised interest rates. and reduce the size of the balance sheet (Quantitative Tightening : QT)
will result in liquidity flowing out of the risky asset market This includes the cryptocurrency market. and may result in the US economy faced
Recession after shrinking 1.4% in 1Q22
- Investors were eyeing the US consumer price index (CPI), a measure of inflation in consumer spending, on Wednesday.
It could affect the Fed’s monetary policy decision at its June meeting.
- Other US economic data this week included the April Small Business Confidence Index from the Federation of Businesses.
US National Independent (NFIB), weekly unemployment claims, producer price index (PPI) April and consumer confidence index.
Initial consumption in May from the University of Michigan.