Thai baht market conditions: opened at 34.73, weakened in line with the region, keep an eye on PCE numbers.

A money manager from Bank of Ayudhya revealed that the baht opened the market this morning at 34.73 baht / dollar, depreciating from yesterday’s market opening at 34.66 baht / dollar.

This morning, the baht depreciated against the US dollar. This is in line with another currency move in the region after last night’s weekly US jobless claims number. it came out better than expected As a result, the dollar appreciates against other currencies.

Money managers expect the baht to move today in the range of 34.60-34.85 baht / dollar, while investors will monitor the movement tonight. Personal Consumption Expenditure (PCE) Price Index for January, used by the Federal Reserve (Fed) to assess. inflation situation

Today, in addition to the US PCE data, the market is also waiting to see if the new Governor of the Bank of Japan (BOJ) will give a policy statement. to the lower house as well During this period, the Yen can fluctuate,” said the money manager.

THAI BAHT FIX 3M (February 23) was at 1.31884%, while THAI BAHT FIX 6M was at 1.59494%.

The latest SPOT is 34.76250 baht / dollar.

  • an important factor

  • The Yen was 134.73 ¥/dollar overnight at 134.84 ¥/dollar.
  • The euro was at $1.0599 from the evening session of $1.0592.
  • Thai baht / dollar exchange rate The weighted average of the interbank BOT was 34.584 baht/dollar.
  • “Foreign investors” sell Thai stocks in February, more than 32.6 billion, “Dao Asset Management” sees it as a break is considered a good rhythm

Opt to shop for outstanding stocks The “Tourism-Hotel” side of “Kasikorn Asset Management” expects the May election to support fund flow back

  • Thai Hom Hom, the first month of the year ’66 Foreigners invest more than 5 billion in Thailand, Japan is one of the favourites. It is expected that this year will be more than 100 billion, receiving positive factors.

full country pushing tourism-investment to expand Birth of EEC Development of Public-Private Partnership

  • private sector Worried about the dissolution of parliament, slowing down the economy expecting the official gear to be empty according to normal practice The Thai Chamber of Commerce rushed to organize

Establish a new government to move forward through the budget to continuously revive the country’s economy.

  • The Labor Department reported that initial claims for unemployment benefits fell by 3,000 to a seasonally adjusted 192,000.

last week Against analysts who expected a rise to 200,000

  • The US Commerce Department released its second estimate of gross domestic product (GDP) for the quarter.

4/2022 states that the GDP figure has increased by 2.7%, although lower than the first estimate of growth of 2.9%, but such information

Reflecting that the US economy is still strong.

  • The US dollar strengthened against the euro and the pound. Trades on the New York Foreign Exchange on Thursday.

(February 22) after the United States released strong economic data. This will be a factor that supports interest rate increases by the US Federal Reserve (Fed).

  • New York gold futures closed on Thursday (February 23) after the minutes of the Federal Reserve (Fed) meeting.

This indicates that the Fed will continue to raise interest rates to curb inflation.

  • The CEO of JPMorgan Chase & Co. said. that the Federal Reserve (Fed) is still trying to merge.

continue to control inflation And it is expected that interest rates could remain high for a longer period than expected. Because the Fed will take some time to reduce inflation accordingly.

2% target

  • important economic data today The US will continue to report the Personal Consumption Expenditure (PCE) price index for January.

with new home sales in January and the Consumer Confidence Index for February from the University of Michigan.

  • Investors are eyeing the US for the release of the Personal Consumption Expenditure (PCE) Price Index, the Fed’s gauge of inflation.

Importantly, the SNP index can detect changes in consumer behaviour. and covers prices for goods and services more widely

Consumer Price Index (CPI) data.