Kasikorn Bank (KBANK) looks at the baht movement next week (14-18 Feb) at 32.40-33.10 baht per dollar. From the market close on Friday (February 11) at 32.68 baht per dollar.
Last week The baht hit the highest level in more than two and a half months at 32.60 baht per dollar. which was driven by foreign capital flows Between February 7-11, there were net capital inflows in the Thai stock market and bonds as high as 42 billion baht and 47 billion baht, respectively.
However, the baht’s appreciation frame began to slow down at the end of the week. As the dollar recovers After US inflation It hit a 40-year high of 7.5% in January. This encourages the market to assess the likelihood of a 50 bps rate hike.
For the important factors to be monitored in the next week include the direction of foreign capital. and the COVID-19 situation and important US economic figures, including retail sales, industrial production Producer Price Index import price index and export price home building information and second-hand home sales in January housing market index New York Fed Manufacturing Survey and the Philadelphia Fed. month of February as well as the minutes of the Fed meeting on January 25-26
In addition, the market is waiting to follow the GDP figures for the fourth quarter of 2021 for Japan and the Eurozone. Including the January inflation rate of China, Japan and the UK as well.
