Baht Takes a Hit: Regional Weakness Weighs Heavy as Markets Await US Inflation Data
Baht Closes at 33.64/65 Baht/Dollar, Depreciating from Market Open
A Bangkok Bank money manager revealed that the baht closed tonight at 33.64/65 baht/dollar, depreciating from the market open. This morning at the level of 33.57/58 baht / dollar.
The baht moves in line with regional currencies. But during the day there were still no new factors. Follow the trading pressure to take profit, moving within a narrow range of 33.55 – 33.67 baht / dollar, pending factors. The market is mainly waiting to follow the report of the General Consumer Price Index (CPI) in August of the United States tonight.
Financial manager Estimated moving range of the baht tomorrow between 33.50 – 33.80 baht / dollar.
Key Market Indicators
- The yen was at 141.48/49 ¥/dollar from 141.87/88 yen/dollar this morning.
- The euro was at 1.1046/1047 dollar/euro from 1.1036/1037 dollar/euro this morning.
- The SET Index closed today at 1,415.41 points, down 12.62 points (-0.88%), trading value 73,985.61 million baht.
- Summary of trading volume by group Foreigners bought a net amount of 2,631.66 million baht (SET+MAI)
Government’s Digital Wallet Policy
The Prime Minister admitted that the digital wallet policy that the government will implement will do that. It is possible that there will be differences from the period in which the campaign campaigned before.
Failing to do so, the format must be changed for the people first, along with stating that Mr Pichai Chunhavajira, the Deputy Prime Minister and the Minister of Finance will act.
Explain all the details to the Senedd.
Global Market Outlook
Investors in the financial market are predicting that the European Central Bank (ECB) will cut interest rates by another 0.25% at the meeting.
Tomorrow (September 12) before the Federal Reserve (Fed) begins the cycle of interest rate cuts.
- The United Kingdom (UK) economy stagnated for the second consecutive month in July. Because of the output from the manufacturing sector
fall heavily It has been a rough start for Prime Minister Keir Starmer’s new government, which is trying to accelerate growth.
of the country’s economy
- Policymakers at the Bank of Japan (BOJ) said the BOJ will continue to raise interest rates. If inflation adjusts accordingly
expected, which sends a signal that the market collapse last month has not affected the BOJ’s plans to raise interest rates suddenly.
However, the BOJ must consider the impact that market movements can have on the economic outlook and inflation. When considering s
Will the interest rate be raised again?
- The competing visions of candidates for the US presidential race Between Democrat Kamala Harris and Donald.
Trump, Republican opponent It has opened this morning, Thai time. and the debate took about 90 minutes.
By Papassorn Ongpichetmetha/Kasamaphon Kitti Relationship