Financial Markets and International Transactions Department TMB Thanchart (ttb) revealed that the baht opened the market at 35.10 baht per dollar this morning (August 13, 2024). The market closing price last Friday rose to 35.29 baht per dollar.
The US dollar fell against major currencies as investors awaited key US economic data this week for clues on the direction of monetary policy by the Federal Reserve (Fed).
This came after the US earlier released lower-than-expected nonfarm payrolls figures for July. The unemployment rate rose to its highest in nearly three years, making investors more confident that the Federal Reserve could cut interest rates by as much as 0.50% at its monetary policy meeting on September 17-18.
The US is scheduled to release the Producer Price Index (PPI) for July on Tuesday (August 13), followed by the Consumer Price Index (CPI) for July on Wednesday (August 14) and Retail Sales for July on Thursday (August 15).
On Friday, foreign investors bought a net 9.012 million baht in the Thai bond market, while they bought a net 52 million baht in the Thai stock market.
Today's currency framework and recommended strategies
USD/THB 34.95 – 35.25
- Recommend Buy 34.95 / Sell 35.25
EUR/THB 38.15 – 38.65
- Recommended Buy 38.15 / Sell 38.65
Japanese Yen/Thai Baht 0.2365 – 0.2405
- Recommended Buy 0.2365 / Sell 0.2405
GBP/THB 44.65 – 45.05
AUD/THB 23.00 – 23.30
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