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"The baht is strengthened as the Thai stock market closed above 1,700 points"
The Kasikorn Research Center sums up the movement of the baht. The reinforced baht. The baht's recovery is in line with most of the region's currencies, while the US dollar is selling aggressively after the US president said the Fed tightened its monetary policy. This can affect the US economy as the dollar strengthens. That the United States In addition, the dollar has negative factors during the week of the US economy. We expect the PMI sales index for July and June to be below expectations. The baht is strengthened until the end of the week, while foreign investors have bought Thai bonds and shares.
On Thursday, July 26, the baht was 33.27 against 33.45. Baht per dollar Friday, July 20
for the following week (July 30-August 3), KBank estimates the movement of the baht at 33.10-33.60 baht for one dollar. The market is focused on the results of the Federal Reserve's monetary policy meeting. And the progress of trade issues between the United States. And business partners. Especially, during the week, non-farm payrolls and employment in the private sector Consumer confidence index and PMI index for the manufacturing and services sectors in July. Sale of house contract pending closure. Income / expenditure The consumer price index (PCE price index) for June and the housing price index in May In addition, the market can focus more on the signals of the monetary policy of Central Bank of Japan. And the Bank of England and other PMI leaders
. The SET index closed at 1,701.87 points, up 1.84% over the previous week, while the average daily business figure increased 10.22% over last year. the previous week to reach 53 100.74 million. The stock market rose 1.32% over the previous week
. The bank continued to be supported by bank shares. There are also more energy buying stocks in the energy and information technology sectors. In addition, the SET index was also supported by strong purchases of foreign investors and institutional investors
for the next week (July 31-August 3), KASIKORN SECURITIES Co., Ltd. estimates that the Thai stock market has a support range of 1,690 and 1,675 points, while resistance levels are at 1,710 and 1,725, respectively. Operating results for the period The number of listed companies in the energy and information technology group As well as the results of the Federal Reserve's monetary policy meeting. Other US economic data included non-farm payrolls. And income and personal expenses in June. Other important external factors include the results of the meeting of the Monetary Policy Committee of the Central Bank of Japan Second quarter of the euro area GDP and PMI in July From China
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