Continued Slowdown in US Economic Activity and Implications for Fed’s Interest Rate Decision
US Economic Slowdown Increases Likelihood of Steady Interest Rates by Fed The recent decline in the US Purchasing Managers’ Index (PMI) in both the manufacturing and service sectors indicates a continued slowdown in economic activity. This downward trend is further evidenced by the reduction in total employment outside of the agricultural sector. Furthermore, the Senior […]
The Impact of Political Factors on the Direction of the Thai Baht: A Currency Market Guru’s Assessment
Political Factors Expected to Influence Thai Baht In an analysis by Mr. Poon Panichphiboon, an analyst in the Trading Room of Krung Thai Bank, it was revealed that Thai politics will play a significant role in determining the direction of the Thai baht in July. The outcome of the selection of a Prime Minister and […]
Bank of Ayudhya Expects Baht to Move Within Range Against Dollar Next Week, Ranks 4th in Region
Bank of Ayudhya Anticipates Baht Consolidation In a recent disclosure to Nation Online, Ms. Rung Sanguanruang, Director of Business Promotion and Global Markets Regulation Department at the Bank of Ayudhya, revealed that the baht is expected to remain within the range of 35.30-36.00 baht per US dollar next week. This projection is contingent upon crucial […]
Bank of Ayudhya Expects Baht to Move within 34.90-35.50 Range Next Week, with Key Factors to Watch
Bank of Ayudhya Forecasts Baht’s Movement and Risk Factors The Bank of Ayudhya has predicted that the baht will move within a range of 34.90-35.50 baht per US dollar next week. To determine the direction of the baht, it is advised to closely monitor the views of US Federal Reserve officials, US Personal Consumption Expenditure […]
Keep an eye on the “baht” how much it varies next week!
Factors affecting the value of the baht part of the external factors The baht is likely to move in line with the direction of the dollar and gold prices, which must wait for the release of important US economic data such as the ISM Purchasing Managers’ Index (Services PMI), in as well as the number […]
Why the baht continues to depreciate! to break through 35 baht per dollar
Krung Thai Bank estimates the weekly baht movements within a range of 34.40-34.80 baht per US dollar. It is likely to depreciate past 35 baht per US dollar. Stick to the establishment of a new Thai government – expanding the US debt ceiling. while Krungsri Bank Looking at the MPC, raising interest rates by 0.25% […]
How much the election supports “fund flow” from foreigners to the Thai stock market!
In addition, the baht tends to move in the direction of the dollar. (Including major currencies such as the euro, Japanese yen) and gold prices, which must await important US economic data reports such as retail sales and important economic data reports from Europe and Japan, such as the economic confidence index of the United […]
