Siam Commercial Bank Financial Market Group Evaluate the value of the baht today (26 April 2024) moving in the range of 36.90-37.15 baht / dollar The baht is moving in the range. The US dollar index remained stable although US Treasury yields rose rapidly. After US core inflation The first quarter came out at 3.7% from the previous quarter, higher than market expectations, but GDP was 1.6% from the previous quarter (annualized), lower than the expect the market.
However, after the economic numbers came out, the market revised its view on reducing interest rates. Federal Reserve (Fed) is delayed, the first time may happen from November to December, while headline inflation in Tokyo comes out at 1.8%, lower than expected Today, keep an eye on the Bank of Japan (BOJ) meeting, which could support interest rates.
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