Baht weakens as market watches result of MPC meeting today #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Baht weakens as market watches result of MPC meeting today (nationthailand.com)

Baht weakens as market watches result of MPC meeting today

NationalDec 23. 2020

By THE NATION

The baht opened at 30.23 to the US dollar on Wednesday, weakening from 30.20 at close on Tuesday.

The Thai currency is likely to move between 30.10 and 30.30 on Wednesday, predicted Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.

On Tuesday night, some global financial markets fluctuated from good news of a new US stimulus package as well as the Covid-19 situation around the world.

The S&P 500 Index decreased by 0.2 per cent, while the price of WTI crude oil fell by 2.2 per cent. The Nasdaq Index rose by 0.5 per cent.

Meanwhile, the dollar strengthened by 0.5 per cent, the third consecutive day, amid demand for safe haven assets. The gold price decreased by 0.8 per cent.

The US Conference Board Consumer Confidence Index announced a drop to 88.6 points, from the 97 points observers expected earlier. The US Ten-Year Treasury yield decreased by 2 basis points to 0.92 per cent.

In Thailand, Jitipol said the baht would move in a narrow range before the Monetary Policy Committee makes known the results of a key meeting this afternoon.

Leave a comment