Thai baht market conditions: closed at 38.15, depreciating in line with the region | RYT9

The treasury manager of the Bank of Ayudhya revealed that the baht closed tonight at 38.15 baht / dollar, depreciating from The market opened in the morning at 37.96 baht / dollar, moving intraday within a range of 37.89 – 38.28 baht / dollar .

The baht weakened as did regional currencies. Because during the day, US bond yields continue to rise, causing the dollar to continue to strengthen. While foreigners sold net Thai bonds at a relatively large amount of 9,900 million baht today, causing the baht to depreciate today.

treasury Expect the baht movement frame tomorrow at 37.90 – 38.20 baht/dollar The factor to monitor tonight is the US economic numbers. Gross domestic product (GDP) Q2/22 and the number of weekly unemployment claims.

  • an important factor

  • The yen was at 144.69 yen/dollar from early morning at 144.35 yen/dollar.
  • The euro was at $0.6997/euro from 0.9685 in the morning.
  • The SET index closed today at 1,592.37 points, down 6.86 points (-0.43%), with a trading value of 78,853 million baht.
  • Group Trading Volume Summary Overseas net sales of 2,296.64 million baht (SET+MAI)
  • The Governor of the Bank of Thailand (BOT) said that the weak baht The Bank of Thailand has closely monitored the situation of the baht.

Close and ready to step in and take care when there are abnormal fluctuations. because they do not want to affect the economic recovery But the care should not be forced.

market direction

  • Fiscal Economic Adviser As a spokesperson for the Fiscal Policy Office (FPO) said that the Thai economy in August

C. 65 Supporting factors of private consumption of the tourism sector and the export sector which expanded from the same period last year, but still

Follow up on geopolitical conflict situations that will affect the direction of the world economy and the implementation of the economic policies of trading partner countries.

important close

  • Center for Economic and Business Research Siam Commercial Bank (SCB EIC) expects Thailand’s policy rate to remain at 1.25% on

end of year 65 and 2% at end of year 65, with the Monetary Policy Committee (MPC) likely to gradually raise the policy rate

gradually so as not to affect the economic recovery

  • Chairman of the Federation of Capital Market Organizations of Thailand (FETCO) said that the recent increase in inflation makes the “interest period

low and down to earth” ends and enters the era of rising interest rates The age of careful spending begins.

  • Executives from more than 30 global organizations are expected to attend the financial summit in Hong Kong in November.

It is a sign that Hong Kong is recovering from the impact of its past Covid-19 containment policies.

  • The former governor of the Bank of England (BoE) has said that the British government’s £45 billion tax cuts are underway.

It was held with the aim of contradicting the BoE, adding that Unfortunately, we have some budgets in these situations, such as the global economy that

The depressed, difficult state of the financial markets. And working in conflict with the BoE has led to quite severe volatility in the financial markets.

  • The Prime Minister of England came out in defense of the tax cut plan, saying he was prepared to make tough decisions to encourage it

The economy grew and the release dragged the price of British government bonds down further.

  • Eurozone Economic Confidence in September fell sharply and more than previously predicted due to belief

Confidence in the group and users decreased. from group companies and consumers There are negative views on the inflation forecast for the next few months.

  • German Institute for Economic Research (Ifo), Kiel Institute for World Economic Research (IfW Kiel), Helle Institute for Economic Research.

(IWH) and the Leibnitz Institute for Economic Research (RWI) have both almost halved their forecasts for German economic growth this year, and

Revised down forecast for 2023 from 3.1% to -0.4%

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