“Kasikorn Research Center” reported the situation last week, the baht appreciated in the first period. before turning to the lowest level in two weeks, with the baht appreciated during the first working day. of the year in line with capital inflows In particular, the net buying pressure of foreign investors in short-term bonds and Thai stocks. However, the baht has weakened since mid-week.
while the dollar Appreciated as US monetary policy tightening signal. reflected through the minutes of the US Federal Reserve (Fed) meeting, which indicates Fed has discussions on balance sheet management. This may happen during the Fed’s gradual hike in interest rates. after the end of QE measures this year
On Friday (Jan. 7, 65), the baht closed in the domestic market at 33.67 baht per US dollar. After touching the weakest level in two weeks at 33.74 baht per dollar. compared to the level of 33.41 baht per US dollar On the previous Thursday (30 Dec. 20)
For the next week (10-14 Jan. 20), KASIKORNBANK sees the movement of the baht at 33.20-34.00 baht per US dollar. Meanwhile, the Kasikorn Research Center assesses important factors that need to be monitored, namely, the direction of foreign funding. and the COVID-19 situation especially the omikron
In addition, important US economic numbers must be monitored, such as the consumer price index. Producer Price Index Import/Export Price Index Retail Sales Industrial Production Dec. Consumer Confidence Index (preliminary) for January and weekly unemployment claims And the market is still waiting to follow the consumer price index. Producer Price Index New loans in RMB currency December exports of China and industrial production data November unemployment rate of Europe as well
