January 5, Ms. Kanchana Chokpisansen Research Executive Kasikorn Research Center revealed that the baht was revised to a level of approximately 34.52-34.54 baht per dollar. This morning (10:00 AM) compared to yesterday's local market closing level of 34.45 baht per dollar. With the value of the baht declining while the dollar received support following the upward trend in US bond yields. After good data on the US labor market, private sector employment rose by 164,000 jobs in December (higher than market expectations of 130,000 jobs and higher than the increase of 101,000 jobs in November). Meanwhile, the number of first-time weekly unemployment claims fell by 18,000 jobs to 18,000 jobs. 202,000 last week. (Below market expectations of 219,000)
For today's baht movement frame the initial estimate is 34.40-34.65 baht per dollar. At the same time, important factors to monitor include the trend of foreign capital. and Thailand's December inflation rate, while important foreign economic figures include the December inflation rate in the Eurozone and US economic figures, such as non-farm employment data. Unemployment rate and ISM service sector index in December, including factory orders in November.
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