Krungsri expects baht to trade in 32.80-33.40 range this week, eyes Fed 0.25% hike

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

The Global Markets team at Bank of Ayudhya expects the baht to move in a range of 32.80 to 33.40 baht per dollar this week, compared with last week's close of 33.05 baht per dollar, when it traded between 32.81 and 33.17 baht per dollar. Foreign investors bought 1.39 billion baht of Thai stocks and 1.747 billion baht of Thai bonds, respectively. The market will watch the US Federal Reserve meeting on September 15-16, where the market expects a possible 0.25% rate hike, while the Bank of Japan is likely to raise rates to 1.25% on September 18, with the market tracking signals on the frequency of rate adjustments ahead. The European Central Bank raised rates to 2.50% and signalled that it will keep monetary policy tight. On the domestic front, Thailand's consumer price index rose 2.53% in August from a year earlier, accelerating from 1.95% the previous month but still within the Bank of Thailand's inflation target range of 1-3%. Core consumer prices rose 1.44%. The Ministry of Commerce expects headline inflation at 2.37% in the third quarter of 2026 and accelerating to 2.70% in the fourth quarter of 2026.

Impact on stocks 4

Financials · 1 stocks
Others · 3 stocks
ECB rates
ECBRATES
▲ PositiveMonetaryrelevance

ECB raised rates to 2.50% and signalled it will keep policy tight, pushing the ECB policy rate/yield up.