Bangkok, July 27- The baht closed at 34.07 baht per dollar. Close to the highest level in a week at 34.03 baht per dollar. made during the day
Kasikorn Research Center reported that The baht appreciated in line with other Asian currencies, while the dollar continued to face selling pressure amid market expectations that The Fed is nearing the end of its policy rate hike cycle. In addition, the appreciation of the baht is in line with the direction of the fund flow of foreign investors. Today, net purchase of Thai stocks is 1,363 million baht and has a position on the Net Inflows side to enter the bond market for 3,876 million baht.
As for the movement of the baht next week, it is expected to be at 33.50-34.50 baht per dollar. While the important factors that must be monitored are the results of the meeting of the Monetary Policy Committee or MPC on (Aug. 2), the political situation in Thailand. and direction of foreign capital While the key US economic numbers are nonfarm payroll numbers. unemployment rate ADP Private Employment Data PMI/ISM Manufacturing and Service Sector Index for July In addition, the market is also waiting to follow the results of the Bank of England meeting, as well as the July PMI index for China, the Eurozone and the UK as well.-Thai News Agency
Source: Thai News Agency
