Post by account_disabled on Jan 2, 2024 5:06:46 GMT
Global Markets Group Bank of Ayudhya Public Company Limited has a view on the direction of the baht value. This week, it is likely to move in the range of 30.30-30.65 per dollar, compared to the closing level of 30.44 per dollar last week. Foreign investors sold 6.6 billion baht and 2.3 billion baht in the Thai stock market and bonds, respectively, while the dollar weakened against major currencies. After important US economic data It reflects the slowdown more clearly. Krungsri's Global Markets Group believes that investors will keep an eye on the report from the September policy meeting of the US Federal Reserve (Fed), inflation figures and the new round of trade negotiations between the US. with China on 10-11 Oct., including progress regarding the direction of Brexit. It is expected that capital flows will remain volatile amidst the uncertainty of global economic and financial trends.
Most recently, non-agricultural employment data and US unemployment rate brighter than expected, but market focus on average hourly wages growing less than expected Interest rate futures indicate investors Telegram Number Data see an 80% chance that the Fed will cut interest rates another 0.25 percentage points at its next policy meeting on Oct. 29-30, especially after the activity index. The manufacturing and service sectors reflect a slowing trend. The Fed chairman said the US economy is in good shape despite some risks and that the Fed will try to keep the economy expanding for as long as possible. for domestic factors The current account surplus in August reached $3.99 billion. due to import greatly shrunk The Bank of Thailand (BOT) believes that the .
Thai economy has reached its lowest level in the second quarter. However, the overall picture in August slowed down from the previous month, except for tourism. The BoT Governor said that The BoT is preparing to announce a further relaxation of capital outflow criteria by the end of this year to encourage more Thai investors to invest abroad and give exporters flexibility in storing foreign currency. The Monetary Policy Committee (MPC) is ready to adjust interest rates if the situation deviates from the assessment. Global economic issues are the most important factor in considering policy interest rate adjustments. We expect that the MPC is likely to cut interest rates by another 0.25% this year before maintaining them at a record low level of 1.25% throughout the year.
Most recently, non-agricultural employment data and US unemployment rate brighter than expected, but market focus on average hourly wages growing less than expected Interest rate futures indicate investors Telegram Number Data see an 80% chance that the Fed will cut interest rates another 0.25 percentage points at its next policy meeting on Oct. 29-30, especially after the activity index. The manufacturing and service sectors reflect a slowing trend. The Fed chairman said the US economy is in good shape despite some risks and that the Fed will try to keep the economy expanding for as long as possible. for domestic factors The current account surplus in August reached $3.99 billion. due to import greatly shrunk The Bank of Thailand (BOT) believes that the .
Thai economy has reached its lowest level in the second quarter. However, the overall picture in August slowed down from the previous month, except for tourism. The BoT Governor said that The BoT is preparing to announce a further relaxation of capital outflow criteria by the end of this year to encourage more Thai investors to invest abroad and give exporters flexibility in storing foreign currency. The Monetary Policy Committee (MPC) is ready to adjust interest rates if the situation deviates from the assessment. Global economic issues are the most important factor in considering policy interest rate adjustments. We expect that the MPC is likely to cut interest rates by another 0.25% this year before maintaining them at a record low level of 1.25% throughout the year.