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Thai baht market conditions: 35.44 tonight, the three-month appreciation according to the yuan.

Bank of Ayudhya revealed that the baht tonight is 35.44 baht / dollar, appreciating from the opening of the market in the morning at 35.78 baht / dollar, during the day the baht moved within a range of 35.42 – 35.80 baht / dollar.

During the day, the baht was valued at 35.42 baht / dollar, the highest in 3 months. The baht was appreciated in line with the direction of the currency. main in the region In particular, the yuan appreciated rapidly. After news China lifted its ban on real estate companies selling stocks to raise funds, which helped boost China’s real estate sector. After Bond Yield shrinks As a result, the dollar weakens. down from the morning

“At night, the baht was appreciated regionally. In particular, the yuan appreciated rapidly. receive news from China which has announced measures to help support the real estate sector”

said the money manager

Money managers expect the baht to move tomorrow in a range of 35.35 – 35.70 baht / dollar, following the meeting. The Monetary Policy Committee (MPC), which the market expects this round The MPC will raise interest rates by 0.25% to 1.25%.

SET THAI BATH SPOT RATE is 35.5172 baht / dollar.

  • an important factor

  • The yen was 138.05 yen/dollar from 138.80 yen/dollar this morning.
  • The euro was at $1.0386, from $1.0358 this morning.
  • Keep an eye on the Monetary Policy Committee (MPC) meeting tomorrow, where the market expects the MPC meeting to decide to raise the rate.

a policy interest rate of 0.25% to 1.25% and an assessment of economic prospects by the Bank of Thailand (BOT) in 2022

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  • The cabinet agreed in principle as proposed by the Ministry of Finance. In collecting a certain business tax from the sale of securities in the primary market

Property, which will return to tax at a rate of 0.11% according to the old law After a long time of exemption In the first year, the collection rate is half.

or 0.055% and allow 3 months for preparation before commencing collection

  • JPMorgan’s Bloomberg Asia Dollar Index, which measures the dollar’s movement in Asia, rose.

It was up 2.7% in November and is likely to be the strongest monthly record since March 2016. with South Korea getting the job done

The best with a jump of 7%, followed by the Thai baht appreciating 6.8%.

  • Bloomberg Global Aggregate Bonds Sub-Index, which measures yield movement.

Global bonds have inverted the yield curve for the first time in 20 years.

Short-term bonds rebounded higher than long-term bonds.

  • Investors are keeping an eye on Fed Chairman Jerome Powell, who is scheduled to speak on monetary and fiscal policy at the institution.

Brookings on November 30, with Mr. Powell expresses his opinion on the direction of the US economy. including inflation and the labor market, incl

3Q2022 Gross Domestic Product (GDP) (2nd Estimate), Job Openings and Turnover

Labor circulation (JOLTS) for October and the number of weekly jobless claims.