Post by account_disabled on Jan 2, 2024 6:54:01 GMT
This week, it is likely to move in the range of 30.65-31.05 per dollar, compared to a strong closing level of 30.79 per dollar last week. Foreign investors sold 5.0 billion baht in the Thai stock market but bought 4.2 billion baht in bonds, while the dollar strengthened against most major currencies after the Federal Reserve (Fed) cut interest rates by 0.25%. Indicates the slowdown of the world economy. US trade conflict Including low inflation. Krungsri's Global Markets Group views that even though the US non-agricultural employment data Increases slowed as expected and wages grew stronger. But the escalating trade conflict will put further pressure on investment in risky assets.
President Trump has announced that he will slap 10% tariffs on $300 billion worth Buy Bulk SMS Service of Chinese goods starting July 1. September and may increase import tariffs again if China does not speed up progress to reach a trade agreement. Recently, Chinese authorities responded by allowing the yuan to depreciate past the psychological level of 7 yuan to the dollar, raising concerns of the outbreak of a full-scale trade and currency war. for domestic factors The Monetary Policy Committee (MPC) is expected to maintain the interest rate at 1.75% at its meeting on August 7, while the BoT estimates that second-quarter GDP will Lowest growth of this year And there is a chance that the value of this year's exports will contract after the amount of imports in June dropped significantly.
In addition, the BoT confirms that it has tools ready to be used to take care of the value of the baht if necessary and is ready to let The baht fluctuates according to market forces, reducing the incentive to park money in baht-denominated assets. Meanwhile, the authorities will introduce measures to address household debt problems at the end of this year. Moreover, we view that the MPC is facing more challenges amid downside risks to the economy and managing long-term financial stability. 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. Newer Article Fullerton Markets Points Out That Many Central Banks Have Cut Interest Rates.
President Trump has announced that he will slap 10% tariffs on $300 billion worth Buy Bulk SMS Service of Chinese goods starting July 1. September and may increase import tariffs again if China does not speed up progress to reach a trade agreement. Recently, Chinese authorities responded by allowing the yuan to depreciate past the psychological level of 7 yuan to the dollar, raising concerns of the outbreak of a full-scale trade and currency war. for domestic factors The Monetary Policy Committee (MPC) is expected to maintain the interest rate at 1.75% at its meeting on August 7, while the BoT estimates that second-quarter GDP will Lowest growth of this year And there is a chance that the value of this year's exports will contract after the amount of imports in June dropped significantly.
In addition, the BoT confirms that it has tools ready to be used to take care of the value of the baht if necessary and is ready to let The baht fluctuates according to market forces, reducing the incentive to park money in baht-denominated assets. Meanwhile, the authorities will introduce measures to address household debt problems at the end of this year. Moreover, we view that the MPC is facing more challenges amid downside risks to the economy and managing long-term financial stability. 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. Newer Article Fullerton Markets Points Out That Many Central Banks Have Cut Interest Rates.