Home Business Thai baht opened at 33.14, depreciated from yesterday, market watch for flow-covid situation-US economic numbers : InfoQuest

Thai baht opened at 33.14, depreciated from yesterday, market watch for flow-covid situation-US economic numbers : InfoQuest

by news dir

A treasury manager from the Bank of Ayudhya revealed that the baht opened this morning at 33.14 baht/dollar from yesterday evening at 33.04 baht/dollar.

This morning, the baht depreciated from yesterday evening. As the US dollar strengthened after US Treasury yields rose. Including the price of gold in the world market dropped. As a result, there may be a flow of gold imports from the domestic gold traders.

“During this period, gold, oil, and capital movements have to be monitored. Now the money coming in on the Bond side is fading, while at the same time we have to look at the coronavirus situation in Europe. because it may have some effect on Thai tourism during the high season.”

Treasury

treasury Estimated the movement of the baht today at 33.00 – 33.20 baht / dollar. Factors to be monitored tonight. Most of them are reporting US economic numbers such as 3Q19 GDP (2nd projection) Oct. new home sales, as well as the minutes of the US Federal Reserve (Fed) meeting on 2-3 Nov.

THAI BAHT FIX 3M (23 Nov) is at 0.24442%, while THAI BAHT FIX 6M is at 0.28989%.

important factor

  • The yen was at 115.20 yen/dollar from yesterday evening at 114.68 yen/dollar.
  • The euro was at $1.1244/euro, from $1.1270 last evening.
  • Baht/dollar exchange rate The BOT’s interbank weighted average stood at 33.071 baht/dollar.
  • News reports from financial institutions revealed that after the Bank of Thailand (BOT) has issued measures to solve long-term sustainable debt. There are measures for debt consolidation, refinancing, and adjusting the qualifications of the debt clinic project. Currently, commercial banks have begun to gradually introduce measures in line with the Bank of Thailand to assist debtors during the economic recovery period.
  • President of National Credit Information Company Limited (Credit Bureau) revealed at the Mortgage Association event Describe the current state of household debt: a view from the credit bureau that Thai household debt, as reported by the Office of the National Economic and Social Development Council (NESDB), is 14.3 trillion baht, or 89.3% per GDP. According to the definition of the credit bureau, household debt is 12 trillion baht, of which there are non-performing debt (NPL) which is overdue for more than 90 days, including all debt reserves. And it hasn’t been sold yet. NPL is 8.1% high or 97 hundred billion baht.
  • “CIMB Thai Bank” reveals investors to buy 5 products, embedded derivatives – first market debentures – secondary market debentures – mutual funds – insurance, totaling more than 100 billion new investments, exceeding the target, pushing “AUM “Fling
  • 3 State Bank of Thailand – Government Savings Bank – Krung Thai Receive a policy to reduce the burden of results affected by covid Record all forms of measures, debt repayment period, debt consolidation, loan this year, installment next year convert debt to equity Ready to extend until the end of the year
  • Vice President of the Federation of Thai Industries (FTI) revealed that FTI remains confident that Thailand’s exports throughout this year have a chance to grow 15-16% compared to last year. past Due to the latest, Thailand’s exports for the first 10 months of this year (Jan.-Oct.) are valued at 222,736 million US dollars, an increase of 15.7%, and during the last two months of the rest of this year, there have been orders coming in. Continuing especially with products that will support the Christmas and New Year festivals 2022 that many countries around the world order food, furniture, home decorations. Consistently gifts from Thailand
  • IHS Markit, a financial information services firm, said its PMI included the US manufacturing and primary services sectors. It dropped to 56.5 in November, the lowest level in two months, from 57.6 in October.
  • President Joe Biden has elected Jerome Powell as Federal Reserve Chair (Fed), leading to speculations that The Fed will raise interest rates in 2022, while money market traders have taken a 100 percent chance that the European Central Bank (ECB) will raise interest rates 0.10% in December 2022.
  • The dollar fell against major currencies in trading at the New York Stock Exchange overnight (Nov 23) after the IHS Markit released its Purchasing Managers Index (PMI). US service slows down
  • New York’s gold futures ended lower for a fourth day in a row on Nov 23, with prices falling off the psychologically important $1,800 level as rising US Treasury yields weighed on the market. Investors are also worried that Jerome Powell’s second term as the Federal Reserve’s chairman will push the Fed to raise interest rates next year.
  • Other US economic data this week This includes weekly unemployment claims, October durable goods orders, 3Q21 gross domestic product (estimate 2), new home sales in October. , Personal Income and Spending Oct., Personal Consumption Expenditure (PCE) Price Index Oct., Final Consumer Confidence Nov. from the University of Michigan. and the minutes of the Fed meeting on 2-3 Nov.

By InfoQuest News Agency (24 Nov 64)

Tags: Thai baht, Thai baht

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