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Thai baht market conditions: closed 34.60, depreciating from the morning on gold flow, expected to be framed tomorrow.

Treasury managers from Bank of Ayudhya revealed that the baht closed this evening at 34.60 baht / dollar, depreciating from The market opened in the morning at 34.51 baht/dollar, moving in the same direction as the world market. During the day, the baht moved in a frame of 34.51 – 34.69 baht/dollar.

“The baht depreciated from the morning. Move the islands in the direction of the world market. Part of it may come from the flow of gold imports,” said the money manager.

Money managers estimate the baht movement frame tomorrow at 34.50 – 34.65 baht/dollar.

  • important factor
  • The yen was 129.14 yen/dollar from 129.40 yen/dollar earlier this morning.
  • The euro was $1.0516/euro, from $1.0558/euro in the morning.
  • The SET index closed today at 1,620.33 points, up 5.84 points, +0.36%, trading value 73,889.75 million baht.
  • Group Trading Volume Summary Foreigners buy net 3,398.51 million baht (SET+MAI)
  • Federation of Thai Industries The industrial confidence index in April 65 was at 86.2, down.

From 89.2 in March 65, the index dropped to the lowest in five months due to concerns about rising production costs.

rose both from raw material prices, energy prices, including transportation costs while domestic purchasing power slowed down due to inflation. and household debt

As a result, people were cautious about their spending and domestic demand slowed down. In addition, the holidays during the Songkran festival resulted in lower production.

  • The Petroleum Fund Management Committee (FDA) has resolved to maintain diesel prices this week at 32 baht per liter as before.

that the world oil price situation remained high at 141.15 US dollars per barrel. The fuel fund is still in the

will be able to manage liquidity To help mitigate the impact during this time for the people to go first.

  • Krungsri Research reveals that GDP this year will grow at 2.8%, although the latest NESDB has lowered its economic forecast for this year to

Growth of 2.5-3.5% from 3.5-4.5% in the first quarter of 2022 grew 2.2% (YoY) and continued to grow from

1.8% in the last quarter of last year

  • Economic and Business Research Center (EIC), Siam Commercial Bank It is expected that the recovery of the Thai economy will begin to see the impact of

The next war in Ukraine through the effects of trade and inflation. Thai exports will begin to see the impact of a slowdown in demand.

especially from china Including the problem of disruption of global supply from the war between Russia and Ukraine. Even in the past, the impact on export value

Thailand will remain limited in the first quarter, but the EIC expects Thai exports to be more affected in the second quarter, while the impact of inflation

from rising energy and commodity prices This will put pressure on domestic consumption and investment in the next period.

  • General Prayut Chan-o-cha, Prime Minister and Minister of Defense will be the chairman of the seminar “Ask me – answer

for a better Thailand” held during 19 – 20 May 65 with a keynote address on the topic “Past, Present, and Future of

Thailand better than before” by showing vision, recommendations and direction of adaptation. to lay a foundation to support the change in

in the future to be able to improve the quality of life of the people and the ability to compete in Thailand stably and sustainably in

next phase

  • Banks in Vietnam have raised their deposit rates by 0.1% – 0.6% amid rising capital demand.

and inflation pressures

  • The president of the US Federal Reserve (Fed) has confirmed that the Fed will raise interest rates as much as necessary. to control inflation so that it doesn’t skyrocket

so severe that it damages the foundations of the economy

  • Investors have sold more than $7 billion in tether since the price slid from levels tied to the US dollar, which led to

New concerns arise about the reserves used to back the world’s largest stablecoin, Tether.