The baht closed the market this evening (January 16) at 35.40 baht per dollar. It was weaker than this morning's market opening level of 35.10 baht to the dollar.
A money manager from Bank of Ayudhya said that during the day the baht moved in the range of 34.98-35.40 baht per dollar. The baht weakened in line with regional currencies and closed at 35.40 baht to the dollar. It is considered the weakest level in one month, which is a factor in the recovery in US bond yields. In the country, there are no new factors.
Tonight, the market is awaiting a follow-up statement from Mr. Christopher Waller, the hawkish Federal Reserve Governor, who said: After the US inflation rate was released last week. What are Fed officials' views on interest rate cuts by the Fed this year?
Money Manager estimates the range of baht movement tomorrow (January 17) at 35.15-35.45 baht per dollar.
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