“Krung Thai” indicates the direction of the baht appreciation, starting to limit and swing within the sideway frame, keeping an eye on the fund-flow of foreign investors who buy both Thai stocks and bonds. Looking at the baht frame today, 32.20-32.40 baht per dollar
“Krung Thai” indicates the direction of the baht appreciation, starting to limit and swing within the sideway frame, keeping an eye on the fund-flow of foreign investors who buy both Thai stocks and bonds. Looking at the baht frame today, 32.20-32.40 baht per dollar
Mr. Poon Panichpiboon, Analyst at the Money Trading Room Krung Thai Bank revealed that bahtOpened this morning (Feb. 17) at 32.27 baht per dollar, appreciated from the previous day’s close of 32.37 baht per dollar. (Closed level on 15 Feb) Look at the baht frame today. It is expected to be at the level of 32.20-32.40 baht per dollar.
forbaht trend We view that the baht’s appreciation may start to be limited and the baht will start to swing in a sideways frame because although the baht has appreciated more than we expected until it breaks the expected support level. from the fund flow of foreign investors who continuously buy both Thai stocks and bonds including gold profitable transaction flow
But the potential risk of war between Russia and Ukraine continues to pressure markets to take the risk and back up the dollar. which we view The appreciation of the dollar and the risk tolerance of that market. This will help slow down the appreciation of the baht in the short term.
However, foreign investors should keep an eye on the fund-flow trend whether they continue to buy net Thai assets or not, including the direction of gold prices if gold prices continue to rise. We believe market players will continue to take profits and the transaction flow will help support the baht appreciation.
financial marketstill very volatile and unwilling to take risks With the uncertainty over Russia-Ukraine tensions that could escalate into a war, however, markets started to rebound after minutes of the latest Fed meeting did not signal that the Fed would speed up interest rates as the markets had feared.
US market players The stock market remained cautious, sending the Nasdaq tech stock index down -0.11%, while the S&P500 rebounded and closed at +0.09%.
In Europe, Europe’s STOXX50 index fell -0.16% as market players remained cautious about the ongoing conflict between Russia and Ukraine that could lead to war at any time. The strong sell-off was concentrated in cyclical stocks that were able to improve in the previous period, such as Santande -1.3%, BNP Paribas -1.2%. Russia and Ukraine/NATO view that if both sides can reach an agreement and lead to the withdrawal of troops from all sides from the area This would be a good signal and could help support the market to become more open to risks.
On the other hand, the bond market faces volatility as well. In the 10-year bond yield, the US continued to swing near 2.02% amid the escalating conflict between Russia and Ukraine that could escalate into a war. expected by the market It is also one of the factors that pressure the US 10-year bond yield to swing sideways.
on the currency market side The dollar as a whole turned weak against the major currencies. After the market has eased concerns, the Fed is likely to raise interest rates more than expected. At the same time, some players remain hopeful that the conflict between Russia and Ukraine may be resolved. until gradually reducing the holding of safe assets As a result, the dollar index (DXY Index) recently dropped to near 95.8 points. In addition, the weakening of the dollar from the Fed’s outlook may not accelerate interest rates and the risk of a conflict between Russia and Ukraine that is still hot. Supported gold prices to reach the level of $1,873 an ounce. Market players gradually come to sell more gold profits. This transaction flow will contribute to the continued appreciation of the baht. Even the overall market is still closed to risk.
for today Markets will closely monitor the conflict between Russia and Ukraine and NATO allies as there is still a risk that the conflict could escalate into a war and put pressure on financial markets to take risks.