'Baht' opens the market this morning, 'strength' at 30.53 baht per dollar.

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4 October 2019

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The fluctuation of the US economy pressures the dollar to depreciate. Keep an eye on non-agricultural employment numbers

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Mr. Chitiphon Pruksa Methanan Money market capital market strategist Krung Thai Bank Public Company Limited Reveal that The baht opened this morning at30.53 Baht per dollarAppreciating from the close of the business day before the level of30.56 Baht per dollar

Last nightUS economic numbers are not showing signs of recovery.Latest service sector index(ISM Non-Manufacturing PMI) Dropped to the level of52.6pointLowest round3 Year as wellCombined with the previous production index(ISM Manufacturing PMI) Decrease47.8pointLowest in the round10yearAnd private employment(ADP employment) Just increased1.35hundred thousandThe chance that the Fed will"Interest reduction" In the October meeting therefore increased to the level82%

at the same timeThe English side had endless problems.When the EU is not happy with the draft agreementBrexit New editionCausing the market to come back to worry aboutNo deal brexit Pressure toFTSE100 Dropped down0.6% All resultingThe yen appreciated.107 Yen per dollarAnd the gold price stood above the level1500 Dollars per ounce again

We believe that the volatile economic image will continue to pressure the dollar.Even todayMay not see the baht change a lotBut believe that at the end of the dayWith the report of non-farm payroll numbers being a moment to keep an eye on

Because if the employment comes out lower100,000 PositionThe dollar may lose its status"Safe currency" While interest in the United States decreasedIs another factor that presses the dollar to depreciate as well.

Looking at the baht value framework today30.48-30.58 Baht per dollar

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