InfoQuest – The baht closed at 36.61 baht/dollar this evening, strengthening since the opening, a money manager from Bank of Ayudhya revealed. The market rate this morning was 36.66 baht/dollar, moving in line with the global and regional market trend. There were no new factors entering the market during the day, and the baht moved in a range of 36.58-36.64 baht/dollar. Trading was light as major markets were closed. “There are no new factors coming,” the money manager said. The baht's range of movement tomorrow is estimated at 36.50-36.70 baht/dollar.
* Important factors
– Yen at 161.28 yen/dollar from 161.53 yen/dollar this morning. – Euro at 1.0796 yen/dollar from 1.0790 yen/dollar this morning. – Index closed at 1,301.04 points today, up 6.34 points. +0.49% Turnover around 29,738.04 million baht – Volume summary by group Foreigners sold a net 1,358.95 million baht – Bank of Thailand (BoT) governor unveils model The Commerce Bank expects the Thai economy to grow by only 3% in 2023-2028, which is Thailand's current potential level and has fallen from the past. It will be difficult to return to 4-5% growth as in the past 10 years because the Thai economy is still recovering slowly compared to other countries – Energy Business Ministry unveils the overall picture of average fuel consumption in the first five months of the year. (January-May 2024) at 157.13 million litres/day, down 0.4% compared to the same period last year, while use of commercial diesel, jet fuel and LPG increased – British voters began voting in the general election today (July 4), with more than 40,000 polling stations nationwide ready to open their doors to vote from 7:00am local time or 1:00pm local time in Thailand – Ms Kamala Harris, Vice President of the United States, will become the first choice to replace President Joe Biden in the US presidential race next November if President Biden decides not to go ahead with the US leadership again. – The Israeli military kills Mohammed Naim Nasser, a senior Hezbollah leader. The operation was followed by airstrikes on Nasser’s car in southern Lebanon, and the situation has led to hostility between Israel and the Islamic State. Escalation of the Zuballah – The People's Bank of China (PBOC) has called on China's two largest banks, Industrial and Commercial Bank of China (ICBC) and Postal Savings Bank of China, over plans to borrow government bonds to slow the economy Market Overheating – Analysts have revealed that China's population is steadily declining. These demographic changes will have a negative impact on the country's economy, leading to a decrease in the number of workers and ultimately putting pressure on the determination of fiscal policy.