Post by account_disabled on Jan 1, 2024 12:01:55 GMT 5
Global Markets Group Bank of Ayudhya Public Company Limited has a view on the direction of the baht this week that it is likely to move in the range of 30.10-30.40 per dollar, compared to last week's closing level of 30.18 per dollar, which is the strongest level since 31. May 2013, foreign investors net bought 4.3 billion baht and 3.3 billion baht in the Thai stock market and bonds, respectively, while the dollar strengthened against most major currencies. Meanwhile, US bond yields rose. The euro continues to face pressure after Eurozone economic data indicates a deteriorating outlook. Krungsri's Global Markets Group sees that the world market will keep an eye on the US Federal Reserve (Fed) meeting on 29-30 Oct., which is expected to cut interest rates by 0.25% for the third time this year.
Investors will wait for signals from the Fed to assess policy in Buy Bulk SMS Service the next period. If the Fed expresses less concern about risks to the economy than expected The dollar's downtrend will be limited. And the United States will announce third-quarter GDP and employment numbers this week. Including progress in trade negotiations after there was news that US trade officials And China is close to finalizing a preliminary agreement. The market will also be paying attention to the Bank of Japan (BOJ) meeting and whether the UK parliament will decide on Prime Minister Johnson's proposal for a deal. new election After the European Union (EU) resolved to postpone the Brexit deadline from 31 Oct. but did not set a new deadline. for domestic factors The market is expected to be more cautious about the official's stance after the baht tested its strongest level in more than six years.
Previously, the BoT governor stated that emerging market countries face risks from currency fluctuations. Exchange rates amid the prolonged use of ultra-low interest rates by developed countries. Central banks in emerging markets must follow developed countries in delaying monetary policy adjustments back to normal. This may affect the stability of the financial system. This stance supports our view that the Monetary Policy Committee (MPC) will decide to cut interest rates by 0.25% to 1.25% at its Nov. 6 meeting and maintain them throughout 2020. United States The announcement to cut trade customs duty (GSP) benefits is expected to have a limited impact on exports but is considered to aggravate the negative momentum in the export business sector from the global trade slowdown and the stronger baht. The main mission of templatesyard is to provide the best quality blogger templates which are professionally designed and perfectlly seo optimized to deliver best result for your blog.
Investors will wait for signals from the Fed to assess policy in Buy Bulk SMS Service the next period. If the Fed expresses less concern about risks to the economy than expected The dollar's downtrend will be limited. And the United States will announce third-quarter GDP and employment numbers this week. Including progress in trade negotiations after there was news that US trade officials And China is close to finalizing a preliminary agreement. The market will also be paying attention to the Bank of Japan (BOJ) meeting and whether the UK parliament will decide on Prime Minister Johnson's proposal for a deal. new election After the European Union (EU) resolved to postpone the Brexit deadline from 31 Oct. but did not set a new deadline. for domestic factors The market is expected to be more cautious about the official's stance after the baht tested its strongest level in more than six years.
Previously, the BoT governor stated that emerging market countries face risks from currency fluctuations. Exchange rates amid the prolonged use of ultra-low interest rates by developed countries. Central banks in emerging markets must follow developed countries in delaying monetary policy adjustments back to normal. This may affect the stability of the financial system. This stance supports our view that the Monetary Policy Committee (MPC) will decide to cut interest rates by 0.25% to 1.25% at its Nov. 6 meeting and maintain them throughout 2020. United States The announcement to cut trade customs duty (GSP) benefits is expected to have a limited impact on exports but is considered to aggravate the negative momentum in the export business sector from the global trade slowdown and the stronger baht. The main mission of templatesyard is to provide the best quality blogger templates which are professionally designed and perfectlly seo optimized to deliver best result for your blog.