Baht Strengthens Against Dollar, Market Awaits Key Economic Data

A money manager from the Bank of Ayudhya revealed that the baht closed tonight at 37.01 baht / dollar, strengthening from the morning the market opened at 37.08 baht / dollar.

last morning the baht weakened following the acceleration of US government bond yields. During the day, it moved in the range of 36.99-37.17 baht / dollar, and when it reached the highest level of the day. He began to gain strength to sell dollars. As a result, the market closed tonight and the baht returned to strengthen to almost 37 baht / dollar.

Tonight, the market is waiting to see the important number, GDP for the 1st quarter of 2024 of the United States, which is the first preliminary estimate Also tomorrow (April 26), the market is watching the results of the Bank of Japan (.BOJ) and will decide on monetary policy how After the Yen depreciates to 155 ¥/dollar, which is the weakest in 34 years.

“Tonight, the market is waiting to see the report of GDP numbers for the first quarter of this year in the United States. Tomorrow, we are waiting for the results of the BOJ meeting, which the market is quite cautious about. Be careful not to tamper with the value of the yen. after the yen weakened to ¥155/dollar,” the money manager said.

Money managers expect the baht to move between 36.95 – 37.20 baht / dollar tomorrow.

• Important factors

• The yen was at 155.64 yen/dollar from 155.37 yen/dollar in the morning.
• The euro was at $1.0725/euro from the morning high of $1.0702/euro.
• The SET Index closed today at 1,364.27 points, an increase of 3.17 points (+0.23%), trading value 41,433.97 million baht.
• Summary of trading volume by group Foreigners bought a net amount of 1,756.90 million baht.
• The Securities and Exchange Commission (SEC) is open to hearing an opinion on the principles involved in the arrangement.

Have a project to test and develop innovations Support digital asset business services (Digital Asset Regulation Sandbox)

To give those interested an opportunity to experience useful services. and developing innovations in the capital market under the supervision of the SEC

is appropriate

• Thai Bankers Association Announce additional support measures for vulnerable customers. while the economy has not yet fully recovered

and not rigorously By reducing the retail prime customer interest rate (MRR) by 0.25% for vulnerable customers. Individual customers and small and medium businesses are

time 6 months

• The Federation of Thai Industries (FTI) revealed that in March 2024 Car production fell by 23.08%, sales fell

down 29.83%, exports fell 3.35%, while electric car production increased 2,965%, electric vehicle (BEV) sales fell 28.38%.

• Economist Raises forecast for China’s economic growth in 2024 after China reveals better-than-expected economic figures in

1Q2024 However, economists see more signs that China’s economy will struggle. To avoid pressure from

deflation

• Investors are watching for the next domino effect in Asia. In the midst of the rush to find a way to deal with the financial situation

The US dollar strengthens Behind the Central Bank of Indonesia The policy interest rate was raised contrary to market expectations. To block the rupiah

Weak value

• Germany’s Consumer Confidence Index rose to its highest level in almost two years since May. 2022 is the signal

that the German economy could be improving This positive trend is in line with the strong Business Idea Index that was publicly released during the period.

early this week

• Tonight, the US will report important economic data, including the number of weekly jobless claims, GDP.

Total domestic GDP (GDP) for the 1st quarter of 2024 (preliminary estimate) and the total number of home sales contracts pending closing (Proposed Home)

Sales) March

• The Bank of Japan (BOJ) is due to reveal the results of its monetary policy meeting this Friday (April 26).

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