Krungsri expects the baht range this week (1-5 April) to be 36.00-36.70 baht per dollar. Opportunity for employment in the United States Today the market closed at 36.45 baht per dollar. According to the Yen-Yuan Putting pressure on the atmosphere in Asian currency markets after the dollar received support from signals that the Fed president is in no hurry to cut money. Tomorrow we will look at the range of 36.35-36.55 baht per dollar.
Krungsri expects the baht range this week (1-5 April) to be 36.00-36.70 baht per dollar. Opportunity for employment in the United States Today the market closed at 36.45 baht per dollar. According to the Yen-Yuan Putting pressure on the atmosphere in Asian currency markets after the dollar received support from signals that the Fed president is in no hurry to cut money. Tomorrow we will look at the range of 36.35-36.55 baht per dollar.
Ms. Rung Sanguanruang, Global Markets Business Promotion Department Bank of Ayudhya Public Company Limited He revealed that the bank has an opinion on the direction of the baht value this week The baht this week is likely to move in the range of 36.00-36.70 baht per dollar. Compared to last week the baht closed weaker at 36.39 baht per dollar. After trading in the range of 36.24-36.54 baht per dollar.
The dollar adjusted directionally against major currencies last week. On the Yen side, volatility decreased while the Bank of Japan (BOJ), Ministry of Finance and the Japan Financial Services Agency held an emergency meeting. After the Yen fell to its lowest level for 34 years, the stance of Japanese officials suggests that they are ready to intervene in the market.
He said speculators could be behind the yen’s depreciation. And the authorities are keeping a close eye on the movements in the foreign exchange market and there is an urgent need. and want the currency to move in line with fundamental factors Rapid adjustment is considered undesirable.
Incidentally, major currency trading declined at the end of the week as the Easter period entered, while the baht hit a new 5-month low. Foreign investors sold Thai stocks for 113 million baht but bought bonds for a net amount of 14,758 million baht. In the first quarter of the year, the baht depreciated 6.4%, making it the weakest currency in the Asian region excluding Japan.
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For this week’s overview Global Markets Group, Krungsri It is seen that investors will follow ISM data on the manufacturing and service sectors. Including March non-agricultural employment in the United States. After February PCE inflation came out in line with market expectations. Meanwhile, the chairman of the US Federal Reserve (Fed) has shown a divided stance on when the Fed will start cutting interest rates. and giving more specific weight to labor market conditions in policy decisions. This makes this week’s data important for future Fed interest forecasts.
for domestic factors Headline inflation in March is expected to remain negative. As for the BoT, the Thai economy in February reported low growth. The service sector grew, but private consumption indicators remained stable. The private investment index moved up from the previous month. Exports excluding gold fell. Meanwhile, the current account in February posted a $2 billion surplus. The BoT assesses that the economy in March is still receiving momentum from the tourism sector, but the recovery of exports and industrial production must be followed. In terms of household debt at the end of 4Q23, it was 91.3% of GDP, compared to 91.0% at the end of 3Q23.
Kasikorn Research CenterIt was revealed that the baht today (April 1) closed the domestic market at 36.45 baht per dollar. Depreciated compared to last Friday’s market closing level at 36.39 baht per dollar. The baht weakened in line with the yen and yuan, which weighed on Asian currency sentiment in general. Although the dollar is still supported by the signal that there is no rush to cut interest rates from the Fed Chairman.
For today’s fund flow direction Foreign investors bought a net 899.74 million baht of Thai stocks and had net inflows into the Thai bond market of 79 million baht.
As for tomorrow’s baht movement framework (April 2), the preliminary estimate is 36.35-36.55 baht per dollar.
Meanwhile, important factors that need to be followed include signals from foreign capital. Asian currency index, UK and Eurozone March Manufacturing PMI Index, including data on factory orders. and February job openings and labor turnover (JOLTS) figures for the United States.
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