Today (11 March 2024) the value of the baht opened the market and strengthened at 35.42 baht per dollar. The support level is 35.30 baht and the resistance level is 35.60 baht.
March 11, 2024, Money Market Business Department and International Transactions TMB Thanachart (ttb) revealed that the baht this morning opened at 35.42 baht per dollar. Appreciating slightly Compared to Friday’s closing market price, it was 35.44 baht per dollar.
The US dollar weakened against major currencies in trading on the New York Forex Exchange on Friday (March 8), making its biggest weekly decline against the euro this year. After the release of US employment data, it reinforced the prediction that the US Federal Reserve (Fed) will lower interest rates in June.
The US Department of Labor revealed that US non-farm payroll employment increased by 275,000 in February. This was higher than the forecast of 198,000 jobs, while the unemployment rate rose to 3.9%, higher than the forecast of 3.7%, with a rising unemployment rate in the United States reinforcing expectations that the Federal Reserve will United States (Fed) cuts interest rates faster.
The fund flow ended on Friday. Foreign investors sold bonds for a net 1,071 million baht and bought Thai stocks for a net 1,610 million baht.
Today’s currency framework and strategy recommend 35.30-35.60 baht per dollar Recommend gradual buying at 35.30/selling at 35.60 baht per dollar.
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