The baht today (Oct 12) appreciated at 33.65 baht, the latest analysis.

The baht today (Oct 12) appreciated at 33.65 baht, with a support line of 33.55 baht, a resistance of 33.75 baht.

On October 12, 2021, Kasikorn Bank revealed that the baht today (October 12) strengthened at 33.65 baht per dollar. Compared to the closing price of the previous business day By today’s moving framework, support is expected at 33.55 baht and resistance at 33.75 baht.

The market was driven by the continued acceleration of inflation due to rising costs. The president of the World Central Bank, meanwhile, forecasts that developing countries’ economic growth (GDP) will return to pre-COVID levels next year.

The European Central Bank’s (ECB) inflation outlook remains an issue. While the market expects the ECB to raise interest rates by the end of next year.

factors in the country Thailand will open to tourists without quarantine on November 1

Factors to watch this week include Eurozone sentiment today, China’s one-year loan rate, US inflation Wednesday.

Minutes of the US Federal Reserve (Fed) meeting on Thursday and US sentiment. by the University of Michigan on Friday

Source: ประชาชาติธุรกิจ by

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