Stock Dimension – Bank of Ayudhya Public Company Limited Global Markets Group Evaluate the baht this week. There is a trend of movement within the framework. 34.20-35.00 baht / dollar Compared to last week The baht closed weak at 34.65 baht / dollar after trading in the range of 34.11-34.66 baht / dollar, while the dollar strengthened against all major currencies last week. The dollar index against a basket of currencies hit a three-week high as investors sold riskier assets to take profits. The market began to be uncertain whether the expectation of the United States Federal Reserve (Fed) lowering interest rates 6 times this year was reasonable or not after several key economic data came out brighter than expected. Minutes of the meeting Fed on December 12-13 It shows that the Fed is confident that inflation is under control. And Fed officials worry that too tight a policy could hurt the economy. Some Fed officials are also prepared to discuss conditions for ending the balance sheet reduction measures. (Quantitative Tightening), which has led to the Fed’s total balance sheet shrunk by more than $1 trillion. In addition, the market is worried that conflicts in the Middle East may intensify Foreign investors sold Thai stocks of 2,088 million baht. but bought bonds for a net amount of 12,352 million baht
For this week’s overview Krungsri Global Markets Group revealed that The market will continue to follow US inflation data to assess the direction of Fed interest rates In addition, non-agricultural employment increased in December by 216,000 jobs, which was stronger than expected. But the November and October numbers were revised down to a total of 71,000 jobs, while the unemployment rate fell to 3.7%, partly reflecting people giving up looking for work and leaving the labor market. In addition, the service sector data was worse than expected. As a result, bond yields and currency values are highly volatile. Overall, we believe investors are in the process of adjusting their positions after selling the dollar heavily at the end of last year.
for domestic factors The market will pay attention to the implementation of the Digital Wallet project The general consumer price index for December in Thailand fell by 0.83% from the same period last year. Inflation has been negative for the third consecutive month and is the lowest level for 34 months, mainly due to government measures. Meanwhile, the Core Consumer Price Index, excluding fresh food and energy, increased by 0.58% In 2023, headline inflation increased by 1.23%, while core inflation increased by 1.27%, and the Ministry of Commerce expects headline inflation in January likely to continue. to be negative.
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