Global Markets Group Bank of Ayudhya Public Company Limited has an opinion on the direction of the baht this week The baht this week tends to move within a range of 34.30-35.00 baht / dollar compared to the week last The baht closed at 35.03 baht/dollar, while the dollar weakened against the euro. Yen and Swiss Franc last week But the dollar strengthened against currencies closely linked to the global economy and commodity prices. At the beginning of the week, the dollar was supported by a review of US interest rates rising after the chairman of the US Federal Reserve gave the opportunity to return to raising interest rates by 50bp as the process of reducing inflation. The deflation process was too slow, however, US Treasury yields subsequently plunged amid tensions in the US financial sector. February data showed inflationary pressures from wages slowing while labor force participation rates improved Bonds 9,116 million baht
for this week’s overview. Global Markets Krungsri Group’s view that the market will follow the US consumer price index in February. Including the European Central Bank (ECB) meeting, which is expected to increase interest by 50bp to 3.00% The rapid and sustained rise in interest over the past year is not even now a full systemic risk. Intervention by the US authorities in the financial sector may help calm the short-term panic, However, developments in global financial markets support our optimism on the Yen this year as global bond yields slide and volatility rising higher Even at the latest meeting, the Bank of Japan (BOJ) will maintain a very relaxed policy.
Emerging market currency assets include the baht. We carefully assess that dollar selling pressure on the Fed’s tendency to reduce its aggressiveness in raising interest rates at its March 21-22 meeting (due to system stability risks) may also be limited. Concerns about the future global economic outlook, which is increasingly uncertain.
Symbol: BAE
