The baht depreciated to 33.25 baht per dollar. Weakest since Nov. ’18 before returning to close at 33.23 baht per dollar Amid concerns about the coronavirus outbreak, the Fed has signaled a reduction in QE this year.
On August 5, 2021, reporters reported that Kasikorn Research Center revealed that the baht faced continuous pressure depreciated to 33.25 baht per US dollar. This was the weakest level since November 2018 before closing the domestic market at 33.23 baht per dollar. Compared to yesterday’s close at 33.13 baht per US dollar.
The baht weakened amid growing concerns over the risks of COVID-19. which has continued impact on the Thai economic outlook this year and next year In addition, the dollar Still supported by speculations about the possibility that the Federal Reserve (Fed) will begin to gradually reduce its asset purchases through quantitative easing (QE) this year as soon as possible.
For the investment status of foreign investors today Foreign investors sold net Thai shares for 5,047.34 million baht, but bought net Thai bonds for 4,516 million baht, while having 895 million baht in expiring debt.
As for the movement of the baht tomorrow (6 Aug. 64) is expected at 33.10-33.40 baht per dollar. While important factors that need to be monitored are the situation and measures to control COVID-19 in the country and the number of non-farm payrolls. and the US unemployment rate in July
