The baht turned to depreciate. and made a new weakest record in almost 16 years at 37.57 baht per dollar before closing the market at 37.55 baht per dollar
Kasikorn Research Center said that The baht weakened again following the direction of the yuan and other Asian currencies. Amid concerns about the direction of the global economy In addition, the depreciation of the baht was in line with the net selling pressure of foreign investors on Thai stocks and bonds (2,736.73 million baht and 3,252 million baht, respectively). There is still strong support from rising US bond yields. According to the trend of tightening the monetary policy of the Fed
Regarding the three-month transaction average indicative points for entrepreneurs with an income of 50-200 million baht per year, the data is reported as of 10.00 am on September 23, 2022, with the Bank of Thailand at -28.22 for exporters. (US dollar advance sale) and at -24.30 for importers. (buy US dollars in advance)
Regarding the movement of the baht next week, between 26-30 September 2022, 37.00-37.80 baht per dollar is expected. Although the important factors that need to be monitored are the results of the MPC meeting. especially about interest rates and views on the baht situation. Thai Stuff August export figures
including foreign capital flows and the currency situation in the region. while the US economic numbers The most important during the week was the September Consumer Confidence Index. durable purchase orders new home sales Sales contracts for homes pending sale and August PCE/Core PCE Price Index inflation. July house price index. and 2Q22 GDP Figures (final)
