Baht Watch: SCB Financial Markets Reveals Latest Value on September 20, 2024 – What You Need to Know
Market Update from SCBFM: 20 September 2024
- Baht Value Estimate: Siam Commercial Bank Financial Market Group estimates the value of the baht today to be in the range of 00-33.25 baht/dollar.
- Baht Strengthens: The baht continued to strengthen yesterday due to risk-on by global investors, resulting in lower US Treasury yields and a weaker dollar, with stock markets rising in most countries, including Thailand.
- Bank of England Interest Rate: The Bank of England kept its policy interest rate at 0% as expected but signaled it would be in no rush to cut interest rates, keeping an eye on inflation, causing the pound to strengthen rapidly.
- Bank of Japan Meeting: Today, keep an eye on the Bank of Japan meeting, where interest rates are expected to remain constant.
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