The dollar depreciated After the US bond yield slowed. Meanwhile, the baht appreciated in a month after the Prime Minister announced that the country would open on November 1, before the baht closed at 33.16/18 baht/USD.
foreign currency trade Bangkok Bank reported that the conditions of the foreign exchange market on Thursday, October 14, 2021, the baht opened this morning (14/10) at 33.20/23 baht/USD. It strengthened from the close of the market on Tuesday (12/10) at 33.42/44 baht/USD.
The dollar weakened after the 10-year U.S. Treasury yield fell to 1.548 percent overnight from 1.579 percent on Tuesday, with yields slowing after the U.S. Labor Department. The Consumer Price Index (CPI), a measure of inflation based on consumer spending, rose 0.4% in September from month to month. The CPI rose 5.4 percent in September, above analysts’ forecast of 5.3 percent.
for monthly meeting minutes September of the US Federal Reserve (Fed), which investors are closely watching. It said that most of the Fed’s directors agreed to begin reducing the amount of the quantitative easing (QE) bond-buying program in mid-November or mid-December this year.
As for the domestic factors The baht has appreciated in 1 month. During this period, the baht has come back to appreciate quite a lot. After the Prime Minister announced the opening of the country on Nov. 1, the US dollar was sold at a profit.
The movement of the baht today Most likely from the direction of the flow. During the day, the baht moved in the range of 33.15-33.27 baht/USD. and closed at 33.16/18 baht/USD
for the movement of the euro The market opened this morning (14/10) at $1.1595/98 USD/Euro. It strengthened from Tuesday’s close (12/10) at $1.1559/61 USD/EUR. The euro has recovered. from the depreciation of the US dollar
However, the pressure was still on after the Center for European Economic Research (ZEW) said its German economic confidence index fell to 22.3 in October from 26.5 in September, for the fifth straight month. and below analysts’ forecasts for a drop of 24.0.
Akim Wembach, chairman of the ZEW Institute, said Germany’s economic confidence had dropped markedly. The main reason is the shortage of raw materials and intermediate products. During the day, the euro moved in the range of 1.1586-1.1624 US Dollar/Euro and closed at 1.1621/23 USD/Euro
for the movement of the yen The market opened this morning (14/10) at 113.44/47 yen/USD. It weakened slightly from Tuesday’s close (12/10) at 113.34/36 yen/USD. The US dollar strengthened to the center of 113 yen as investors bought the US dollar. from the prediction that US bond yields will continue to rise.
During the day, the yen moved within the range of 113.20-113.59 Yen/US dollar and closed at 113.33/35 yen / US dollar
Key US economic data this week Number of people filing for first-time US jobless benefits (14/10), Fed meeting minutes (14/10), US producer price index (14/10) and US retail sales index for August (15/). 10)
The hedging rate (Swap point) in the morning 1 month in the country is +0.80/+0.90 satang/USD. and the first-month hedging rate abroad is +2.40/+3.60 satang/USD.
