Post by account_disabled on Dec 30, 2023 3:42:38 GMT
Global Markets Group Bank of Ayudhya Public Company Limited has a view on the direction of the baht this week that There is a tendency to move in the 30.10-30.35 range. per dollar compared to a weak close of 30.24 per dollar last week. The baht reached its weakest level in nearly a month. Foreign investors net bought 2.1 billion baht on the Thai stock market but sold 54 million baht in bonds. The dollar strengthened against most major currencies. by US bond yields Rising higher after the market eased concerns about the situation in the Middle East. After President Trump announced that the United States There is no need for a military response to Iran firing missiles at US bases in Iraq. Krungsri Global Markets Group expects the market will follow the signing of the first phase of the US-China trade deal on January 15 to Evaluate the direction of negotiations going forward. Including figures for US inflation and retail sales.
After most economic data indicates a brighter expansion than other Industry Email List regions. Although the December wage figures came out lower than expected, China's 4Q2019 GDP report will also be of interest to investors. For this week's overview It is expected that the investment atmosphere in risky assets and currencies will mostly be in emerging markets. There is still positive momentum. Meanwhile, the yen may face continued selling pressure amidst more stable global financial markets. for domestic factors The Governor of the Bank of Thailand (BoT) emphasized that currently baht-denominated assets are not a safe haven target for foreigners due to the Thai economy slowing down. Meanwhile, the Monetary Policy Committee (MPC) supports the BoT to monitor short-term capital inflows and relax foreign exchange regulations. In addition, the authorities assess that the drought situation may have social impacts.
Moreover, the MPC is concerned about household debt problems, which are still likely to increase. We expect that capital flows may slow down in this period after the baht's value has strengthened significantly in the past year and the BoT has warned that the baht's appreciation exceeds economic fundamentals. In addition, international reserves have increased significantly. Significantly increased to 227.5 billion dollars in the first week of 2020 from 223 billion dollars at the end of 2019, reflecting the government's purchase of dollars to slow the appreciation of the baht, resulting in investors becoming more cautious. While it is expected that the economy will be supported by fiscal spending. which is expected to begin in February. After the House of Representatives approved the draft 2020 budget bill with a budget of 3.2 trillion baht. Tags About preecha binmanoch Templatesyard is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design.
After most economic data indicates a brighter expansion than other Industry Email List regions. Although the December wage figures came out lower than expected, China's 4Q2019 GDP report will also be of interest to investors. For this week's overview It is expected that the investment atmosphere in risky assets and currencies will mostly be in emerging markets. There is still positive momentum. Meanwhile, the yen may face continued selling pressure amidst more stable global financial markets. for domestic factors The Governor of the Bank of Thailand (BoT) emphasized that currently baht-denominated assets are not a safe haven target for foreigners due to the Thai economy slowing down. Meanwhile, the Monetary Policy Committee (MPC) supports the BoT to monitor short-term capital inflows and relax foreign exchange regulations. In addition, the authorities assess that the drought situation may have social impacts.
Moreover, the MPC is concerned about household debt problems, which are still likely to increase. We expect that capital flows may slow down in this period after the baht's value has strengthened significantly in the past year and the BoT has warned that the baht's appreciation exceeds economic fundamentals. In addition, international reserves have increased significantly. Significantly increased to 227.5 billion dollars in the first week of 2020 from 223 billion dollars at the end of 2019, reflecting the government's purchase of dollars to slow the appreciation of the baht, resulting in investors becoming more cautious. While it is expected that the economy will be supported by fiscal spending. which is expected to begin in February. After the House of Representatives approved the draft 2020 budget bill with a budget of 3.2 trillion baht. Tags About preecha binmanoch Templatesyard is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design.