InfoQuest – A money manager from Bank of Ayudhya revealed that the baht closed the market this evening at 36.51 baht/$, down from the morning the market opened at 36.41 baht/$. During the day, the baht moved in a range of 36.32-36.51 baht/$, which is the market closing level this evening. This was the weakest level during the afternoon, as gold prices in the global market fell sharply in a short period of time, causing the value of the baht to fall. This is expected to come from accelerating gold imports during a period of sharp decline in prices tonight, and the factor to watch is the May non-farm employment numbers report from the US. The market is expected to rise by 180,000 jobs over the next week. Factors that need to be monitored are the Monetary Policy Committee (MPC) meeting and the state Constitutional Court's analysis of the Progressive Party's dissolution issue. Charged with overthrowing the government, the foreign factor is the result of the monetary policy meeting. From the US central bank, money managers expect that at the beginning of next week the baht will move in the range of 36.30-36.50 baht / dollar.
*Important factors
– The yen price is 36.30 yen/dollar since morning, at 155.71 yen/dollar. – The euro is at 36.50 dollars/euro since the morning at 1.0895 dollars/euro. – The index closed today at 1,332.74 points, up 4.33 points (+0.33%), trading value 40,330.79 million baht – Summary of trading volume by group. Foreigners sold a net 471.97 million baht – Ministry of Commerce revealed that headline inflation (CPI) for May 2024 rose to 1.54% (year-on-year) on a continuous rise for the second month and is considered the highest in 13 months. Due to temporary factors from the low price base to lower electricity costs last year. Including price increases in the energy group, including gasoline, gasoline and gasoline. As prices of fresh food items, fresh vegetables and eggs rise – Senior Director, Global Market Group, Bank of Ayudhya (BAY) assesses that at its Monetary Policy Council (MPC) meeting on June 12, the third time this year, the MPC will keep the interest rate at The same level of 2.50% and are likely to keep interest rates at this level throughout the year. Ready to predict that around the beginning of 2025, there may be signs of a decline in official interest rates – the Kasikorn Research Center estimates this at the Monetary Policy Committee meeting on June 12, 2024. The Monetary Policy Committee will not unanimously decide to “maintain” the interest rate at 2.50% on an ongoing basis and is likely to send a signal not different from the results of the last meeting – Secretary General of the Election Commission (The European Commission confirmed that the Election Commission is still moving forward with the selection of senators As scheduled, starting with the selection of senators at the district level on June 9, although the Constitutional Court there ordered the admission of the petition to determine whether the four sections of the Senatorial Acquisition Act of 2018 violate constitutional law or not – the results of the survey found A survey conducted by the Bank of Japan (BOJ) found that more than half of economists expect the BOJ to reduce purchases of Japanese government bonds at its next meeting, which will be held on June 14, and more economists expect that the BOJ may raise interest rates at its meeting in July. – The International Monetary Fund recommends that the Bank of Japan raise interest rates further. This was done in a gradual manner after the Bank of Japan announced an increase in interest rates for the first time in 17 years at last March's meeting – Eurostat and Eurozone GDP growth was revealed. By 0.3% in the first quarter of 2024 compared to the previous quarter. In addition, the EU's GDP also grew by 0.3% on a quarterly basis, for example, compared to the first quarter of 2023. The euro area economy expanded by 0.4%, While the EU economy expanded by 0.5% – the Reserve Bank of India (RBI) decided to maintain the bond repo rate (repo rate), the interest rate level of 6.5% today meeting (June 7), the eighth time it has been maintained Interest rates are flat and in line with analyst expectations, with the Reserve Bank of India continuing to monitor the inflation trend. Including the unstable political situation after the election results in India were not what the market expected – tonight, the US side will announce important economic data, namely non-farm employment numbers for May and wholesale inventories for April
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