InfoQuest – A money manager from Bank of Ayudhya revealed that the baht closed the market this evening at 36.64 baht/$, lower than the opening. The market price this morning was 36.55 baht/dollar, moving according to regions and the global market from the dollar adjustment. During the day the baht moves in a range of 36.53 – 36.68 baht / dollar “The baht is moving according to the global regions and markets which comes from the dollar adjustment that digested the news last night. By the afternoon the baht was moving. “In the direction of consumption,” the money manager said. The baht's movement range tomorrow is estimated at 36.50 – 36.75 baht/USD, and tonight the market is waiting to see the weekly unemployment claims and producer price index numbers in the United States
*Important factors
– The yen price is 157.21 yen/dollar as of this morning at 157.75 yen/dollar. – The euro is at 1.0803 dollars/euro since the morning at 1.0810 dollars/euro. The index closed today at 1,311.78 points, down 4.91 points. -0.37% Trading value 38,334.23 million baht – Summary of trading volume by group Foreigners sold a net amount of 2,046.13 million baht – The Prime Minister stated that the Economic Cabinet (Economic Cabinet) will take additional measures to increase the rate of economic expansion as well as accelerate the budget disbursement. It also includes setting a new inflation framework. Which may be able to do provide more flexibility with regard to interest rate cuts – Center for Economic and Business Research Siam Commercial Bank (SCB EIC) expects the Monetary Policy Committee (MPC) to start cutting interest rates in the fourth quarter of 2024, which is when… In which difficult financial conditions will begin to put more pressure on the economy. While the family and business sectors are mostly still fragile. In addition, risks to the Thai economy going forward will begin to increase – Center for Economic and Business Forecast University of Thai Chamber of Commerce The Consumer Confidence Index for May 2024 was revealed at 60.5, falling for the third month in a row and at a 7-month low since December 2023 due to concerns about formal stability. Cities within the country put energy prices in the country is increasing. Including problems of the global economic slowdown – The US Treasury revealed that the US has decided to impose sanctions on several Hong Kong companies, including VPower Finance Security, to help sell gold produced by sanctioned Russian mining companies – G7 leaders prepare to invite China To stop supporting Russia in its war with Ukraine – investors are watching the Bank of Japan (BOJ) monetary policy meeting tomorrow.