KBank expects the baht price to reach 35.70-36.30 baht next week.

KBank expects the baht rate next week to be at 35.70-36.30 baht, while monitoring the National Bank's economic report – statements by Federal Reserve officials.

Kasikorn Bank (KBANK) Look at the movement Baht value next week (February 27 – March 1) At the level of 35.70-36.30 baht/dollar, while the Kasikorn Research Center evaluated the important factors to be followed, including the trend of foreign investment. January economic and payroll report Bank of Thailand (BoT) and statements by Federal Reserve (Fed) officials

while Important American economic figures Including New Home Sales Durable Goods Orders Total Number of Outstanding Home Sales Contracts Personal Income/Expenditures Inflation is measured by the core PCE/PCE price indices in January, the Consumer Confidence Index and the ISM/Manufacturing PMI in February. GDP numbers for the fourth quarter of 2023 (the second time) and the number of people applying for weekly unemployment benefits In addition, the market is still waiting to follow up on the February inflation numbers. Eurozone, including January manufacturing PMI. As well as China, Japan and the Eurozone.

Last week (February 19-23) The lackluster weakened at the beginning of the week. Amid concerns about the direction of the Thai economy's recovery after Thai GDP for 2023 grew by just 1.9%, the NESDB has revised the Thai economic outlook in 2024 down to a range of 2.2-3.2%.

but The baht strengthened and fell below 36.00 baht/$ midweek. According to the trend of the yuan In addition, there should be additional positive factors from the rise in the price of gold in the global market. The net purchasing power of Thai stocks and bonds by foreigners

but, The value of the baht fell again at the end of the week. According to an overview of currencies in the region, while the dollar recovered and strengthened with US bond yields higher than expectations, the Federal Reserve is in no hurry to cut interest rates at its next meeting.

On Friday, February 23 (before the New York market session), the baht closed at 36.07 baht/$, compared to 36.02 baht/$ on the previous Friday (February 16).

to Investment portfolio status of foreign investors between February 19-23, 2019On August 7, foreign investors made net purchases of Thai stocks worth 8,948 million baht, and had net inflows into the Thai bond market worth 4,753 million baht (net bond purchases of 4,755 million baht, deducting expired debt instruments of 2 million baht). .

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