The baht remained stable. after the transaction volume began to lighten during the long holiday period The market is waiting for new factors.


foreign currency trade Bangkok Bank reported that the conditions of the foreign exchange market on Wednesday, December 29, 2021, the baht opened this morning (29/12) at 33.54/55 baht/USD. Slightly weakened from the close of the market on Tuesday (28/12) at 33.52/54 baht / US dollar rose after the Federal Reserve Bank of Richmond said that the manufacturing sector index rebounded to 16 in Dec. from 12 in November. Analysts had previously expected the manufacturing index to remain stable at 12 in December. The expansion of the manufacturing sector in the Richmond area This was driven by an increase in new orders. and confidence in the business sector In addition, a survey by S&P CoreLogic Case Ziller indicates that the US home price index continued to rebound in October. The U.S. nation jumped 19.1 percent in October year-on-year. The home price index in 20 US cities rose 18.4 percent in October after rising 19.1 percent in September. The Fiscal Policy Office (FPO) reported on Thai economic conditions for November 2021, showing that the Thai economy in November 2021 showed signs of improvement from the previous month. as a result of private consumption domestic tourism And exports that continued to expand for the 9th month. However, the situation of the Covid-19 epidemic in the country, especially the new Omicron strain, must be closely monitored. During the day, the baht moved in the range of 33.50-3.62 baht/USD. and closed at 33.52/54 baht/USD

for the movement of the euro The market opened this morning (29/12) at 1.1308/09 USD/Euro. It weakened from Tuesday’s close (28/12) at $1.1327/29 USD/Euro. According to the appreciation of the US dollar. In addition, the situation of the epidemic of the COVID-19 virus A European omicron strain that has not shown any signs of eliminating in the short term. continues to be a factor depressing the euro Recently, the Dutch National Institute of Public Health and Environment (RIVM) revealed that the COVID-19 virus The Omicron breed has now become the main breed in the Netherlands. It accounts for more than 50% of the total number of people infected with COVID-19. all in the country It can replace the Delta species. During the day, the euro moved in the range between 1.1286-1.1315 US dollar/euro and closed at 1.1287/90 USD/Euro
for the movement of the yen The market opened this morning (29/12) at 114.83/85 yen/USD. It weakened from Tuesday’s close (28/12) at 114.77/79 yen/USD. Following the appreciation of the US dollar The yen started to see positive signs. After the Kyodo News Agency reported the forecasts of many analysts. That includes analysts from the NLI Rescarch Institute and Mizuho Research & Technologies, who said the Japanese economy is likely to expand rapidly in fiscal 2022 after turning around to recover in late 2021, while private consumption continues to recover. Following a drop in the number of coronavirus cases, analysts forecast Japan’s economy to expand around 2%-4% in fiscal year 2022, which starts in April, despite concerns about the number of infections. COVID-19 that may return to increase and a protracted global semiconductor shortage. During the day, the yen moved in the range between 114.74-114.97 Yen/US dollar and closed at 114.96/97 yen / US dollar

Key US economic numbers this week Nov. 29 pending home sales contracts (29/12), US Energy Information Administration weekly oil inventories (29/12), weekly unemployment claims (30/12)

As for the hedging rate (Swap point), the first-month morning session in the country is -0.5/0 satang/USD. And the hedging rate in the morning of 1 month abroad is -2.0/+1.0 satang/USD.

Read the original news: Thai baht stabilizes. after the transaction volume began to lighten during the long holiday period The market is waiting for new factors.


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