The baht has hit its weakest level in 10 and a half months again. (weakest since 11 Nov. 2022) at 36.97 baht/dollar before closing the market at 36.95 baht/dollar.
Miss Kanchana Chokpaisansin Research executive Kasikorn Research Center said that the baht weakened following the decrease in gold prices in the world market. But it is also in line with the weakening of the yen and other Asian currencies, while the dollar Gradually recovered following signs of an increase in US bond yields. For today's fund flow direction Foreign investors returned to net selling Thai stocks for 669.62 million baht but continued to net buy Thai bonds for the second day, another 2,435 million baht.
As for the movement framework of the baht tomorrow (3 Oct. 2023), it is expected to be at 36.60-37.00 baht/dollar, while important factors that need to be followed include the direction of foreign capital. Regional currency situation and figures for job openings and labor turnover rates (JOLTS) in August of the United States
Source: Thai News Agency