FRIDAY, April 26, 2024
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Fed meeting, BOT economic report key factors in baht's movement this week

Fed meeting, BOT economic report key factors in baht's movement this week

Kasikornbank expects the baht to move between 31.50 to 31.90 during July 27 to 31.

The bank advised investors to monitor the outcome of the Fed meeting on July 28-29.
Other factors affecting the currency include the domestic political situation, the Bank of Thailand (BOT)'s economic report, the Covid-19 situation, and the US-China conflict.
US economic numbers to be announced this week includes the customer confidence index, inflation rate estimated from the Core PCE Price Index of June, housing price index for May, initial jobless claims, and the gross domestic product of the previous quarter.
On Friday (July 24), the baht was at Bt31.72, after reaching the lowest in the past month and a half at Bt31.86.

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