Treasury management from Bank of Ayudhya revealed that the baht closed the market this evening (5 August 64) at 33.22 baht / dollar from the morning market opening at 33.14 baht / dollar. Today, the baht is the weakest in the second round. Year 9 month from buying the dollar continuously since the middle of the day Including the expectation that the Monetary Policy Committee (MPC) may cut interest rates at the next meeting. In addition to the situation of the COVID-19 epidemic Domestically, the trend is still deteriorating. During the day, the baht moved in a frame of 33.07-33.22 baht/dollar.
“Today, the baht depreciated the most in the region. By closing the market for doing New High in 2 years and 9 months, the region today is quite mixed. There are some currencies that depreciate. and some currencies are strengthening,” said a treasury manager.
treasury Assessing the movement of the baht tomorrow (7 August 64) at 33.15 – 33.30 baht/dollar
Factors to keep track of: Weekly US jobless claims numbers were announced tonight. And tomorrow night must follow Monthly non-farm payrolls July of the United States
Chairman of the Advisory Center for Economic and Business Forecasting University of the Thai Chamber of Commerce revealed that due to the spread of the COVID-19 virus In a country that is constantly increasing Until the government has to increase the intensity of the lockdown measures. estimate that in the period 2 months (July-August) will affect the economic value of about 5 100 billion baht, causing the economy to shrink by 2-3% from the previously assessed Therefore, there is a chance that the Thai economy this year will shrink to -2. up to 0% can
Such estimates are based on the assumption that the government will be able to ease measures in September. Including if the government accelerates the injecting of money through measures to heal and stimulate the economy for the people, the farmers and the business sector, the Thai economy this year may not be very negative. And there is still a small chance of being positive. But if the lockdown measures can’t control the spread of the coronavirus and the need for continuous lockdown measures We may see the Thai economy shrinking -2 to -4% this year as well.
while the Center for Economic and Business Forecasting University of the Thai Chamber of Commerce revealed that the Consumer Confidence Index (CCI) month g.C.64 dropped to 40.9 from level 43.1 In the month of Jun. The index was at a record low level in 22 Year 10 month and continued to decline for the 5th month
