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Thai baht market conditions: closed at 34.49, depreciating from the morning in a regional direction | RYT9

A money manager from the Bank of Ayudhya revealed that the baht closed tonight at 34.49 baht / dollar, depreciating from The market opened this morning at 34.28 baht / dollar, moving in the same direction as regional currencies. Due to the appreciation of the dollar against the major currencies other than the pound. The Yen depreciated the most in 1 month. During the day, the baht moved within the range of 34.21 – 34.49 baht / dollar.

Tonight, the market awaits economic data and comments from Federal Reserve (Fed) officials that will indicate the direction of the rate. Fed interest

Today, the baht closed the market, the weakest of the day. moving in the same direction as the region after the dollar strengthened,” said the money manager.

money manager Estimate the movement of the baht tomorrow at 34.30 – 34.60 baht / dollar.

  • an important factor

  • The Yen was at 135.00 yen/dollar from 134.10 this morning.
  • The euro was at $1.0926 from $1.0979 this morning.
  • The SET index closed today at 1,580.73 points, a decrease of 13.12 points, -0.82%, trading value of 55,197.94 million baht.
  • Group Trading Volume Summary Net sales of foreigners of 2,883.19 million baht (SET+MAY)
  • The Federation of Thai Industries (FTI) revealed that the industrial sentiment index in March 2023 was 97.8.

Increased from 96.2 in February 2023, rising for the third consecutive month and the highest in 10 years since January 2013.

  • The government revealed that Thailand’s rice exports in the first two months of 2023 were second among the world’s rice exporting countries, with

Over 1.4 million tonnes, worth $753.9 million, an increase of 38.2% over the same period last year. It is expected that exports will continue to increase from

demand in the world market

  • The Tourism Authority of Thailand (TAT) reported statistics of foreign tourists traveling to Thailand in the first quarter of the year.

2023 There are 6,465,737 people, generating a total income of 256,194 million baht.

30 million people, generating more than 1.5 trillion baht in revenue

  • The Office for National Statistics (ONS) said the Consumer Price Index (CPI) rose by 10.1% in March year on year.

That’s higher than analysts in a Reuters poll had expected of 9.8 percent, while households still have to deal with food prices.

Constantly higher energy

  • Analysts from JPMorgan and Citi raised their forecasts for China’s economy for the full year. After China reveals gross domestic product numbers

Domestic (GDP) increased by 4.5% in the first quarter of 2023, a larger than expected expansion.