The baht recorded its lowest depreciation in 10 and a half months, at 36.83 baht/dollar, before coming back to close the market at 36.72 baht/dollar, compared to yesterday's market closing level of 36.53 baht. /dollar
Miss Kanchana Chokpaisansin Research executive Kasikorn Research Center stated that the baht continues to depreciate following signals from foreign investors' fund flows. Today, net sales of Thai stocks amounted to 2,701.87 million baht and there was a position in net outflows from the Thai bond market of 6,621 million baht. In addition, the dollar also has support from the trend of the US Federal Reserve. will continue to send signals to tighten monetary policy to stem inflationary pressures
As for the movement of the baht tomorrow, it is expected to be at 36.60-36.90 baht per dollar. Important factors that need to be followed include the direction of foreign capital. The currency situation in the region and US economic figures such as the September Consumer Confidence Index. and inflation measured from PCE/Core PCE Price Index in August – Thai News Agency
Source: Thai News Agency