A treasury manager from the Bank of Ayudhya revealed that the baht opened this morning at 34.42 baht/dollar, a slight appreciation. The market closed yesterday evening at 34.46 baht/dollar, but during the day, the baht has a chance to depreciate in line with the global market as the dollar strengthens. while regional currency moves mixed
“The baht appreciates against the world market. Maybe because the volume of transactions is light. But the baht has a chance to depreciate in line with the world market direction due to The dollar is strengthening,” said a treasury manager.
money manager Assessing the movement of the baht today at 34.30 – 34.50 baht / dollar, the market has not yet new factor coming Investors are expected to wait for the outcome of the US Federal Reserve (Fed) meeting.
THAI BAHT FIX 3M (28 Apr) is at 0.53911% while THAI BAHT FIX 6M is at 0.61531%.
- important factor
- The yen was at 130.72 yen/dollar from yesterday evening at 130.88 yen/dollar.
- The euro was $1.0507/euro from $1.0522 yesterday evening.
- Baht/dollar exchange rate The BOT’s interbank weighted average stood at 34.438 baht/dollar.
- TAT joins hands with the private sector Moving forward to travel together on Phase 5, another 2 million rights, giving away coupons to buy food, food, and flight tickets, attracting Thai people to travel in
Country 160 million people / time, aiming to pump 400 billion baht in revenue for the end of the year
- Governor of the Tourism Authority of Thailand (TAT) revealed that TAT has also brought the metaverse to help drive Thai tourism.
Launching the Amazing Thailand Metaverse project: Amazing Durian building a prototype model. Virtual durian garden is the first country in the world.
Allowing tourists from all over the world to travel in various species of durian plantations. of entrepreneurs participating in this project, a total of 10 gardens
Simulate a durian garden based on the real plantation area through the virtual world that is a new way of travelling. will create an opportunity to increase the proportion of quality tourists
have higher purchasing power
- The US Department of Commerce reports that Gross domestic product (GDP) in the first quarter of 2022 contracted by 1.4%, in contrast to that.
Analysts had expected growth of 1.1%, the first contraction since the economy faced a recession caused by the epidemic.
COVID-19 in early 2020
- Bank of Japan (BOJ) governor said the weakening yen is a positive factor for the Japanese economy. but the moving currency
Too fast can also have a negative impact on the economy.
- The U.S. Department of Labor said initial claims for unemployment benefits dropped 5,000 to 180,000.
last week and in line with analysts’ forecasts
- Deutsche Bank expects The US economy is highly likely to face a recession in late 2023 and early 2024.
Impact of Fed Raising Interest Rates Quickly and Strongly to Curb Inflation
- The 10-year US government bond yield rebounded to 2.867%, while the 30-year government bond yield rebounded.
year, it rose to 2.938%, in line with today’s strong dollar. Even the US said that the economy contracted in the 1st quarter of 2012.
- The US dollar continued to strengthen against the major currencies in day trading on the New York Stock Exchange.
Thursday (Apr 28), boosted by expectations that the Federal Reserve (Fed) will raise interest rates by 0.5% at its meeting.
May as the yen fell sharply After the Bank of Japan (BOJ) resolved to maintain a special accommodative monetary policy at the meeting.
yesterday
- New York gold futures closed positive on Thursday (Apr 28) as investors bought gold as a weak asset.
Safe after reports that the US economy contracted more than expected in the first quarter of this year.
- Investors are keeping an eye on the US Federal Reserve’s (Fed) meeting on May 3-4 amid speculation that the Fed may
will raise interest rates by 0.5% in this meeting
