A treasury manager from the Bank of Ayudhya revealed that the baht opened at 34.30 baht/dollar this morning, depreciating from yesterday evening’s close at 34.23 baht/dollar.
The baht moves in the same direction as the world market. As investors turn to the dollar and yen. because of concern About the US Federal Reserve (Fed) signaling a rate hike and China’s economic slowdown from the Covid-19 lockdown measures.
As for the factor of March’s exports, which the Ministry of Commerce said was the highest value in 30 years, it had no effect on the baht. due to gold exports
“The baht depreciated in line with the direction of the world market. After the dollar strengthened on concerns about the Fed’s interest rate hike. and China’s economic slowdown The baht is still making new highs in the past 5 years in a row.”
Treasury manager said
money manager Estimated the movement of the baht today at 34.20 – 34.40 baht / dollar.
THAI BAHT FIX 3M (26 Apr) is at 0.53068% while THAI BAHT FIX 6M is at 0.62723%.
* Important factor
The yen was at 127.45 yen/dollar from yesterday evening at 127.81 yen/dollar.
The euro was $1.0638/euro, its weakest in five years from $1.0691 yesterday evening.
– Thai baht/dollar exchange rate The BOT’s interbank weighted average stood at 34.144 baht/USD.
– The Bank of Thailand (BOT) revealed that the tendency for tighter-than-expected monetary policy The US Federal Reserve (Fed) pushed the US dollar. Continued appreciation and recorded the highest appreciation in almost 5 years, causing regional currencies, including the baht, to depreciate. by the beginning of the year The baht weakened 2.5%, while regional currencies depreciated between 1% and 5.5%.
– The Prime Minister admits that the increase in diesel will affect the cost of living – inflation. “Commercial” monitors 18 groups of products, asks for cooperation to fix prices, pointing out that they need to adjust the price to be the least
– Mr. Supattanaphong Phanmechaow, Deputy Prime Minister and Minister of Energy revealed that the Japan roadshow on April 20-23 met with Mr. Hirokazu Matsuno, Secretary-General of the Cabinet of Japan, Mr. Hagiuda Koichi, Minister of Economy, Trade and Industry of Japan (METI), President of the Japan External Trade Organization (JETRO), confederation president Japan’s largest business association (Keidanren), both sides reiterated the close strategic partnership between Thailand and Japan, encouraging investment in new industries. up in Thailand as well as to strengthen cooperation between the circular economy policy of Thailand and Japan’s green growth strategy
– Governor of the Tourism Authority of Thailand (TAT) revealed that on April 27, 65, there will be a meeting with entrepreneurs. Private sector in the hotel and tourism business To discuss the need to expand the project, we travel together phase 5 and the Thai tour project that will expire at the end of April. If the private sector still has a need, it must check whether there is a budget now. Are there any left or not, which if left, will immediately increase the number of rooms? And if the budget is insufficient, additional requests must be made from the government.
– The President of the Thai Hotels Association revealed that together with the President of the Thai Hotels Association from all regions, including 10 associations, wrote a letter to the Prime Minister. and related agencies Please consider reviewing the tax collection on land and buildings of the hotel business sector as the hotel business has not been able to turn around due to lack of income. long term loss And still have to bear the debt caused by the Covid crisis in the past 2 years. “Hotels are a business with high asset values compared to other businesses. but still have annual income less than value If a 100% land and building tax is levied without taking into account the lack of hotel business revenue, the property tax will turn into a huge cost. cause lack of liquidity leading to termination of employment and termination of business.”
The U.S. Department of Commerce reported that new home sales fell 8.6 percent to 763,000 units in March. And it was lower than analysts’ forecast of 765,000 units from 835,000 units in February. The sales of new homes were affected. from rising house prices and the rebound in mortgage interest rates
– The US dollar strengthened against major currencies in trading at the New York Stock Exchange on Tuesday (Apr 26) as investors continued to buy the dollar as a safe haven. Amid concerns about the economic slowdown and the effects of the Russo-Ukrainian War
Meanwhile, the dollar was also driven by concerns about a slowdown in China’s economy. After the lockdown in Shanghai It has a population of up to 25 million and has blocked parts of Beijing to contain the spread of the coronavirus. The Federal Reserve (Fed) will raise interest rates faster and force to curb inflation After Fed Chairman Jerome Powell said he encouraged the Fed to act faster to combat inflation, signaling there was a chance the Fed would raise interest rates by 0.50% at the May 3-4 meeting. c. This will be the first time the Fed has hiked. Interest rate 0.50% since 2000
– Markets still expect the Fed to raise interest rates more strongly after May. could be raised by 0.75% to curb inflation
– New York gold futures closed positive on Tuesday (Apr 26), boosted by investors buying gold in safe asset position Amid concerns about the global economic outlook and the war in Ukraine. The US stock market is also another factor that supports safe-haven buying.
– Key US economic data released today March pending home sales and weekly oil stockpiles from the U.S. Energy Information Administration (EIA).
By InfoQuest News Agency (27 Apr 65)
Tags: Thai baht, Thai baht
