KBANK expects the baht to move next week at 36.30-37.00 baht/$.

Kasikorn Bank Look at the baht next week, it will move at 36.30-37.00 baht/dollar, keep an eye on the economic and financial reports of the Bank of Commerce and the trend of foreign capital.

Kasikorn Bank KBANK assesses the range of movement of the baht value next week (June 24-28) at 36.30-37.00 baht/$, while Kasikorn Research Center assesses important factors to follow, including May economic and military forecasts. Bank of Thailand (BoT) financial report, foreign capital trend (flow), currency situation in the region and statements from RBI officials

Meanwhile, important US economic figures include new home sales. Durable goods orders The total number of pending home sales contracts and inflation calculated from the May PCE/core PCE price index, the June consumer confidence index, and first-quarter 2024 GDP, as well as the number of people filing for weekly unemployment benefits. . In addition, the market is still waiting for the May industrial sector earnings data in China as well

Last week the baht fluctuated but strengthened again at the end of the week. Meanwhile, the local market is waiting for political issues to follow within the country. Furthermore, the baht is also suffering from negative factors from net selling pressure of Thai stocks and bonds by foreign investors as well. The baht price gradually strengthened in the middle of the week until the end of the week. Conversely, the dollar fell after US retail sales figures for May were weaker than market expectations. The baht had additional positive factors at the end of the week from the rise in gold prices in the global market. Thai export numbers in May expanded 7.2% y/y, higher than market expectations of 2.0% y/y and higher than 6.8% y/y in April.

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