The dollar swings within a narrow range. The market lacks leading factors

The dollar swings within a narrow range. due to the lack of leading factors in the market While internal factors, investors are keeping an eye on the readiness to open the country. Before the Thai baht closed at 33.33/34 baht/USD.

foreign currency trade Bangkok Bank reported that the movement of the foreign exchange market on Tuesday, October 19, 2021, the baht opened this morning (19/10) at 33.32/34 baht/USD. It strengthened from Monday’s close (18/10) at 33.47/48 baht/dollar.

However, the US dollar index still moving in the frame because the market still lacks leading factors For the key economic figures that were reported last night. The US Federal Reserve (Fed) reported today that Overall US industrial production fell 1.3% in September.

The overall industrial production figure It measures the adaptation of factories, mines and utilities. Factory production fell 0.7% in September. This is the biggest decline since February. Analysts were expecting a 0.1% increase after a 0.4% decline in August.

Mining production fell 2.3 per cent and utilities fell 3.6 per cent, while the US National Association of Home Builders (NAHB) said. The Homebuilder Confidence Index rose 4 points to 80 in October. The confidence index remained above 50, indicating a generally positive outlook. The current and six-month sales sentiment index rose in October.

However, the index dropped below the 85 level made in October 2020, under pressure from limited housing stocks. labor shortage including rising house prices and construction costs However, investors have been keeping a close eye on the Fed’s stance on a possible QE cut that could begin in November. along with the next policy rate hike.

for domestic factors Mr. Saksiam Chidchob, Minister of Transport, revealed the preparation for opening the country in the Ministry of Transport that Today, the meeting was held with the relevant departments of the Ministry of Transport to prepare for various preparations, adding that Measures for foreign tourists who come in are clear about vaccinating at least 2 doses.

As for Thai people who will travel, should they use the same standards as tourists? For example, they should have at least 2 vaccinations before buying a plane ticket. Including traveling by train, bus, or by water, etc., because if Thai people are not the same standard Could it be a risk of tourists arriving or not? by allowing the Permanent Secretary of the Ministry of Transport to discuss the relevant persons To determine the measures that are the same standard and present them to the CCC.

During the day, the baht moved in the range of 33.31-33.37 baht/USD. and closed at 33.33/34 baht/USD

For the movement of the euro opened the market this morning (19/10) at 1.1633/34 USD / Euro. It strengthened from Monday’s close (18/10) at $1.1581/82 USD/EUR. The euro strengthened against the dollar. The market still lacks leading factors.

Investors are keeping an eye on the eurozone’s September inflation report, which will be reported on Wednesday, October 20. During the day, the euro moved in the range between 1.1630-1.1662 US Dollar/Euro and closed at 1.1658/62 USD/Euro

For the movement of the yen open market this morning (19/10) at 114.19/21 yen / US dollar. Adjusted slightly from the close of the market on Monday (18/10) at 114.37/40 yen / US dollar. The yen strengthened against the US dollar. Like other major currencies, the market is still keeping an eye on Japan’s new elections, with elections expected to take place on October 31.

During the day, the yen moved within the range of 113.94-114.20 Yen/US dollar and closed at 114.09/12 yen / US dollar

Key US economic data this week include September home building starts and construction permits (19/10), Eurozone September inflation (20/10), the Philadelphia Fed’s October manufacturing index. U.S. and weekly U.S. unemployment claims (21/10), Purchasing Managers’ Index (PMI) October gross manufacturing Markit of France, Germany and the Eurozone (22/10), Purchasing Managers’ Index (PMI) October Services First US Markit (22/10)

The hedging rate (Swap point) in the morning 1 month in the country is +0.75/+1.00 satang/USD. And the hedging rate in the morning of 1 month abroad is +0.85/+2.30 satang/USD.

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