Market update from SCBFM: 16 May 2023
- Siam Commercial Bank Financial Markets Group Today’s valuation of the baht moved within a range of 33.55-33.85 baht / dollar.
- The US dollar index fell against a basket of currencies. After reaching the highest point in 5 weeks
- Investors are waiting to hear news about the US government’s debt ceiling problem. amid concerns that the US government may default on its debt if the problem is not resolved.
- Federal Reserve officials signed that on Monday Interest rates will remain high. or it can be adjusted even higher Because inflation is still difficult to decrease. Market traders expect a 79.9% chance that the Fed will hold interest rates.
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