KBANK Expects Baht at 33.00-33.60 Next Week, Eyes Thai Exports, Trump-Xi Summit

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โดย InfoQuest·TH·Read original
Summary · why it matters

Kasikornbank, or KBANK, expects the baht to trade in a range of 33.00 to 33.60 baht per dollar next week, from September 21 to 25, compared with a market close of 33.33 baht per dollar on Friday, September 18. Factors to watch include Thailand's August export figures, the situation in the Middle East, remarks from US Federal Reserve officials, and the meeting between Chinese President Xi Jinping and US President Donald Trump on September 24. Last week, the baht weakened to its weakest level in a month and a half at 33.43 baht per dollar, after the Fed meeting signaled that tight monetary policy remains necessary, raising the policy rate to a range of 3.75 to 4.00 percent as the market expected, while the new dot plot pointed to one more rate hike before the end of this year. Key US economic data due next week include new home sales, August durable goods orders, consumer confidence and inflation expectations, and the preliminary September PMI, as well as weekly jobless claims. Meanwhile, the market is also awaiting China's LPR announcement and preliminary September PMI readings from Japan, the eurozone and the UK.

Impact on stocks 3

Financials▲ · 1 stocks
Others▲ · 2 stocks
％Effective Federal Funds Rate
EFFR
▲ PositiveMonetaryrelevance

The Fed kept tight policy and the dot plot points to one more rate hike this year, implying a higher effective federal funds rate.

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