A money manager from Bank of Ayudhya revealed that the baht opened this morning at 33.80 baht / dollar, strengthening from yesterday evening’s close at 33.87 baht / dollar.
The baht moves in line with the global market direction. after the dollar weakens which is likely to be only a short term by night market Waiting to see important economic numbers are US Inflation To assess the direction of the Federal Reserve’s interest rate adjustment.
As for the direction of foreign capital during this period, it is a gradual outflow of 2 billion baht per day on average.
“The baht strengthened after the dollar fell. The direction of the baht today is likely to fluctuate within a range The market is waiting to see US inflation numbers tonight,” the money manager said.
money manager Estimate the movement of the baht today at 33.65 – 33.95 baht / dollar.
THAI BAHT FIX 3M (Feb. 13) was at 1.16960%, while THAI BAHT FIX 6M was at 1.50498%.
The latest SPOT is at 33.81125 baht / dollar.
- important factor
- The yen was at 132.15 yen/dollar from 132.70 yen/dollar yesterday evening.
- The euro was at $1.0731 from $1.0673 yesterday evening.
- Thai baht/dollar exchange rate weighted average of the interbank BOT is at 33.802 baht/
dollar
- “Commercial Bank” competition to raise deposits is boiling. “CIMB Thai” hopes to support lending after demand recovers according to the economy
Believe in the era of low interest rates, “KPP Dime” expects deposit customers this year to double growth after the Monetary Policy Committee (MPC) raised interest rates.
continuously from 2022 to 2023, resulting in commercial banks State banks began to increase interest rates in the same direction. both loan interest and
deposit
- European Union (EU) officials in Brussels have raised their forecasts for economic growth this year. It is expected that the economy
The EU will grow 0.9% and will be able to avoid a recession. It has also cut the growth of the consumer price index (CPI).
also down, although still at a high level of 5.6%
- Japan’s cabinet office said today. Gross domestic product (GDP) in the fourth quarter of 2022 expands
0.6% year-on-year This was better than in the third quarter, when GDP contracted 0.8%, partly supported by consumption in the sector.
recovering private sector as well as tourism subsidy projects that help stimulate the service sector. The sector accounted for up to 60%.
of the GDP of Japan
- The U.S. dollar weakened against major currencies in trading at the New York Stock Exchange on Monday (Feb. 13).
Wed) as investors await the release of US inflation numbers this week. to look for signals indicating the interest rate trend of the Federal Reserve
(Fed)
- New York gold futures closed lower on Monday (Feb. 13) as investors waited for this week’s US inflation data, which includes:
Consumer Price Index (CPI) and Producer Price Index (PPI) to provide a signal on the direction of Federal Reserve (Fed) interest rates.
- Investors will keep an eye on the US CPI, which gauges inflation on consumer spending, today, while analysts expected.
foresee that the headline CPI, which includes the food and energy sectors, will rise 6.2% in January year on year. which slowed down from the level
6.5% in December, and core CPI, which excludes food and energy, is expected to increase 5.4%, slowing from the
5.7% in Dec.
- Key US economic data this week: January retail sales, January industrial production, index
February housing market from National Association of Home Builders (NAHB), weekly jobless claims, start-up numbers
House and construction permit Jan. and leading economic indicators for January from the Conference Board.