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Financial Market & Institutions Analysis

31 Jan 2020

Financial Markets

The Baht weakened, while the SET dropped on the continued spread of coronavirus

The Baht weakened in line with other regional currencies amid concerns over the economic impact of the novel coronavirus outbreak. In addition, the Baht was weighed down by net foreign stock selling during the week, and domestic US dollar demand at the month-end. ... Read more

24 Jan 2020

Financial Markets

The Baht weakened, while the SET dropped on fears of coronavirus outbreak.

The Baht fell against the US dollar. The Baht rose early in the week along with regional currencies amid profit-taking on the US dollar’s gains fueled by strong US economic reports released before. However, the Baht reversed those gains and fell in line with Asian peers, led by the Yuan, on the back... Read more

10 Jan 2020

Financial Markets

The Baht and the SET rebounded as Middle East tensions faded

The Baht rebounded later in the week. The Baht moved within a tight range early in the week before hitting a 1-month low of THB30.37/USD in line with weak regional currencies amid concerns over rising tensions in the Middle East, as Iran attacked US troops in Iraq in response to US airstrike on Janu... Read more

3 Jan 2020

Financial Markets

The Baht reversed gains and weakened, the SET rose on the first week of 2020.

The Baht reversed gains and weakened against the US dollar in the first two trading days of the year, but it continued to be traded in a narrow range. The BOT signaled to closely monitor its movement after the Baht broke the THB30.00/USD level to hit a 6-1/2 year high of THB29.75/USD amid thin tradi... Read more

27 Dec 2019

Financial Markets

“The Baht strengthened, while the SET rose on year-end LTF and RMF purchases”

The Baht rose to test THB30.15/USD amid the US dollar’s sell-offs on the back of weaker-than-expected US durable goods and new home sales data. However, the Baht’s weekly movement was tight due to thin trading volume before the year-end holidays. ... Read more

20 Dec 2019

Financial Markets

The Baht stayed within a tight range, while the SET closed near last week’s level. Foreign Exchange Market

The Baht rose to test the THB30.15/USD. The Baht strengthened on the back of strong regional currencies, led by the Yuan amid news reports that the US and China were close to finalize the first phase of a trade deal. The US dollar faced sell-offs after the Fed signaled that it would not raise its p... Read more

13 Dec 2019

Financial Markets

The Baht rebounded strongly, while the SET rose on hopes of US-China trade deal.

The Baht rose to test the THB30.15/USD. The Baht strengthened on the back of strong regional currencies, led by the Yuan amid news reports that the US and China were close to finalize the first phase of a trade deal. The US dollar faced sell-offs after the Fed signaled that it would not raise its p... Read more

6 Dec 2019

Financial Markets

The Baht weakened, while the SET dropped to close at an 11-month low.

The Baht weakened against the US dollar. The Baht faced sell-offs early in the week in line with falling safe-haven currencies and assets, triggered by stronger-than-expected Chinese PMI data. The Baht fell further later in the week to a 1-month low of THB30.38/USD, after the BOT signaled to closely... Read more

29 Nov 2019

Financial Markets

The Baht traded in a narrow range, while the SET dropped to close at a 10-month low.

The Baht traded in a narrow range almost all trading days of the week. The Baht fell early in the week after both the US and Chinese Presidents signaled a possible trade deal between the two countries. The US dollar also gained on stronger-than-expected 3Q-2019 GDP and October durable goods orders d... Read more

22 Nov 2019

Financial Markets

The Baht traded in a narrow range, while the SET recovered somewhat at the end of the week

The Baht traded in a narrow range. The Baht fell early in the week on the back of positive developments for the first phase of the US-China trade deal. However, the Baht rebounded and traded in a tight range later in the week after the US President Donald Trump threatened to raise tariffs on importe... Read more

15 Nov 2019

Financial Markets

The Baht rose while the SET dropped on uncertainty over US-China trade deal.

The Baht strengthened against the US dollar. Regarded as a safe-haven currency, the Baht rose in line with the JPY amid concerns about the US-China trade talks. The US President Donald Trump said earlier in the week that there was no agreement yet to roll back tariffs on imported goods from China, a... Read more

8 Nov 2019

Financial Markets

The Baht hit a 3-week low, while the SET rebounded on hopes of US-China trade deal.

The Baht fell to THB30.43/USD, the weakest level in 3 weeks. The Baht faced hefty sell-offs after the BOT’s MPC decided to cut its policy rate to 1.25% and relaxed rules to facilitate capital outflows and lessen pressure on the Thai baht. Moreover, a weaker Baht was also in line with other safe-have... Read more

1 Nov 2019

Financial Markets

The Baht traded in a narrow range near the THB30.15/USD level, while the SET closed near last week’s level.

The Baht traded in a narrow range near THB30.15/USD, which is the strongest level in over six years. The Baht briefly fell early in the week in line with a weaker JPY, which was seen as a safe-haven currency after the US and China signaled that they were close to finalize some parts of their trade d... Read more

25 Oct 2019

Financial Markets

The Baht hit a new 6-year high of THB30.16/USD, while the SET closed below 1,600 points.

The Baht hit a new 6-year high. The Baht rose along with other regional currencies amid foreign investors’ net buying orders for Thai bonds early in the week. Meanwhile, the US dollar fell on weak US economic data, reinforcing expectations that the Fed would cut its benchmark rate further at the FOM... Read more

18 Oct 2019

Financial Markets

The Baht rose to test the THB30.25/USD level, while the SET fluctuated on external factors.

The Baht rose to test the THB30.25/USD level last week. The Baht briefly fell early-to mid-week in line with other regional currencies amid concerns about the slower global growth outlook. However, the Baht rebounded later in the week on the back of the US dollar’s sell-offs due to weak US economic ... Read more

11 Oct 2019

Financial Markets

The Baht hit an over 6-year high, before paring gains somewhat, while the SET closed higher later in the week.

The Baht weakened late last week after hitting an over 6-year high of THB30.25/USD. The Baht rose early in the week as a safe-haven currency amid concerns about conflicts between the US and China over their trade renegotiations, as well as between the EU and UK on the BREXIT issue. However, the Baht... Read more

4 Oct 2019

Financial Markets

The Baht rose as US dollar was pressured by soft US economic data, while the SET dropped on sell-offs of institutional and foreign investors.

The Baht strengthened late last week. The Baht fell early to mid-week on weak regional currencies, and risky assets amid heightened trade war tension, concerns over BREXIT, and an economic slowdown in the US and Eurozone. The Baht also tumbled along with net foreign stock selling orders. The Baht, h... Read more

27 Sep 2019

Financial Markets

The Baht fell to the weaker side of THB30.60/USD, while the SET ended the week higher on Window Dressing.

The Baht fell to the weaker side of THB30.60/USD last week. The Baht weakened on the back of net foreign stock and bond selling orders during the week. Meanwhile, most Asian currencies were weighed down by uncertainties about the global economic outlook, and the UK’s BREXIT solution. The US dollar a... Read more

13 Sep 2019

Financial Markets

The Baht hit a 6-year high, while the SET dropped over-week.

The Baht hit a 6-year high of THB30.36/USD in line with movements of the Yuan and other regional currencies amid positive signals of the US-China trade conflicts. The US delayed to raise tariffs on USD250 billion of Chinese imports until October 15 from October 1, while China announced lists of the ... Read more

6 Sep 2019

Financial Markets

The Baht was volatile before weakening late in the week, while the SET rose on eased concerns over external risks.

The Baht was volatile last week. The Baht fell early in the week, along with the Yuan and other regional currencies, amid concerns about the US-China trade dispute. The Baht rebounded later, while the US dollar faced sell-offs after the ISM Manufacturing Index showed a contraction in the US manufact... Read more

30 Aug 2019

Financial Markets

The Baht rose while the SET fluctuated on trade war issues.

The Baht hit an almost 2-month high of THB30.55/USD last week. The Baht rose earlier in the week along with other safe-haven assets after the US and China announced to raise tariffs on each other’s goods, heightening tension over the trade war tension. The Baht fell briefly during the week on US do... Read more

23 Aug 2019

Financial Markets

The Baht rose while the SET fluctuated but closed higher by the end of the week.

The Baht rose against the US dollar. The Baht rose early to mid week, along with other regional currencies while the US dollar faced sell-offs on concerns about the US economic outlook and falling US Treasury bond yields. The Baht extended gains against the US dollar, although foreign investors were... Read more

16 Aug 2019

Financial Markets

The Baht weakened while the SET fell below 1,600 points before rebounding later in the week

The Baht weakened against the US dollar. The Baht fell along with regional currencies, while the US dollar rose after the US announced to delay imposing tariff on some Chinese imports to December 15. The Baht’s weakness was also in line with net foreign stock and bond selling orders, following sell... Read more

9 Aug 2019

Financial Markets

The Baht rose while the SET faced pressure from domestic and foreign factors.

The Baht briefly fell after the FOMC meeting. The Baht rose early in the week, as the US dollar fell further on weak US Non-farm Payrolls data and concerns over the US-China trade tensions. The Baht extended its gains later in the week, although it fell briefly after the BOT’s MPC unexpectedly cut i... Read more

26 Jul 2019

Financial Markets

The Baht fell while the SET ended the week lower on sell-offs of institutional investors.

The Baht weakened against the US dollar. The Baht fell early to mid week amid expectations that the Fed might not aggressively cut its policy rate in the near future. The Baht’s weakness was also in line with net foreign bond selling orders. Meanwhile, the US dollar rose on the budget deal between t... Read more

19 Jul 2019

Financial Markets

The Baht rebounded while the SET rose on expectation of Fed rate cut.

The Baht rebounded later in the week. The Baht weakened early to mid week, along with net foreign bond selling orders. The Baht later reversed those losses and rebounded amid the weak US dollar sentiment, led by disappointing US economic data, and NY Fed President’s remarks that reinforced expectati... Read more

12 Jul 2019

Financial Markets

The Baht weakened after BOT implemented measure to monitor short-term fund inflows, while the SET closed near last week’s level

The Baht fluctuated and fell later in the week after the release of BOT’s new Baht measure. The Baht fell early in the week on the US dollar short-covering orders before the Fed Chairman’s testimony to the US Congress. The Baht, however, rebounded after the Fed Chairman’s comment was seen as a signa... Read more

5 Jul 2019

Financial Markets

The Baht weakened slightly after rising to a new 6-year high, while the SET pared gains on domestic investor sell-offs.

The Baht fell slightly after having hit a 6-year high of THB30.52/USD. The Baht rose on net foreign stock and bond buying orders, while the US dollar fell on weak economic data that reinforced expectations about the Fed policy rate cut. However, the Baht pared those gains later, while the US dollar ... Read more

28 Jun 2019

Financial Markets

The Baht hit a new 6-year high, while the SET rose on foreign investors’ net-buying positions.

The Baht strengthened against the US dollar during the week. The Baht hit a new 6-year high of THB30.62/USD early in the week amid expectations that the Fed might cut its policy rate at its meeting in July. However, the Baht fell on position adjustment around mid-week before bouncing back after the ... Read more

21 Jun 2019

Financial Markets

The Baht recorded a 6-year high, while the SET hit its highest level in 8 months.

The Baht hit a 6-year high against the US dollar. The Baht fell briefly early in the week, as investors covered their short US dollar positions ahead of the FOMC meeting. However, the Baht rebounded later and hit the strongest level in 6 years at THB30.79/USD after the Fed meeting. Although the Fed ... Read more

14 Jun 2019

Financial Markets

The Baht hit a 3-1/2 month high, while the SET rose on expectation of Fed rate cut within this year.

The Baht hit a 3-1/2 month high of THB31.14/USD. The Baht rose along with net foreign stock and bond buying orders earlier in the week. In addition, the US dollar tumbled on an expectation that the Fed might cut its policy rate by the end of the year, and disappointing US economic data, including we... Read more

7 Jun 2019

Financial Markets

The Baht hit an over 3-month high, while the SET rose on domestic and foreign factors.

The Baht hit the strongest level in over 3 months at THB31.28/USD. The Baht strengthened in line with net foreign stock and bond buying orders, while the US dollar fell on the Fed Chairman’s remarks that the Fed would act appropriately to sustain the US economic expansion, fuelling expectation of th... Read more

31 May 2019

Financial Markets

The Baht strengthened, while the SET dropped on the trade wars despite support from foreign investors’ net purchase.

The Baht strengthened, after having fallen earlier in the week. The Baht weakened along with other regional currencies that were pressured by concerns about the trade tension between the US and China. However, the Baht rebounded later in the week on net stock and bond buying orders of foreign invest... Read more

24 May 2019

Financial Markets

The Baht rebounded later in the week, while the SET fluctuated on US-China trade tensions.

The Baht rebounded later in the week, after having fallen to the THB32.00/USD level. The Baht fell early to mid week, along with the weaker Yuan and other regional currencies amid heightened trade tension between the US and China. However, the Baht pared losses somewhat and recovered later in the we... Read more

17 May 2019

Financial Markets

The Baht weakened, while the SET hit a 4-month low amid concerns over US-China trade tensions.

The Baht weakened later in the week. The Baht fell briefly in line with weaker Yuan and other Asian currencies. The Baht later rebounded to a 2-1/2 month high of THB31.45/USD on net foreign bond buying orders, as market participants put focus on the US Treasury’s FX report. However, the Baht fell la... Read more

10 May 2019

Financial Markets

The Baht hit an over 1-month high, while the SET faced institutional and foreign investor sell-offs.

The Baht tested the THB31.55/USD level, an over 1-month high, in late week. The Baht rose early in the week amid heightened tension between the US and China on their trade deal. In addition, there were short-covering orders, as Thai financial markets reopened after long holidays. The Baht weakened b... Read more

3 May 2019

Financial Markets

The Baht weakened slightly, while the SET rose almost throughout the week.

The Baht fell slightly, but still traded within a narrow range around THB32.00/USD. The Baht edged up early in the week, as the US dollar barely drew any support ahead of the FOMC meeting. The Baht weakened later in the week, as the US dollar rose after the Fed gave no signal to cut its policy rate ... Read more

26 Apr 2019

Financial Markets

The Baht traded at the weaker side of THB32.00/USD before rebounding, while the SET faced pressure from domestic and foreign factors.

The Baht hit a near 4-month low of THB32.10/USD, before paring losses. The Baht fell in line with net foreign selling orders of Thai bonds and weak regional currencies. The US dollar rose on stronger-than-expected US economic data, and also extended gains against the Euro on the back of concerns abo... Read more

19 Apr 2019

Financial Markets

The Baht fell to THB31.80/USD, while the SET rose on buying orders of local institutions.

The Baht fell to THB31.80/USD. The Baht weakened after the reopening of domestic financial markets following long public holidays. The Baht’s weakness was in line with net foreign stock and bond selling orders while the US dollar gained on stronger-than-expected US economic data, including a fall in... Read more

12 Apr 2019

Financial Markets

The Baht rose and the SET rebounded late in the week.

The Baht pared gains later in the week. The Baht rose early in the week on foreign investors’ net buying orders of Thai stocks, while the US dollar fell on a weak US Factory Orders data for February. Later, the Baht pared gains on net foreign bond selling orders, as well as weak regional currencies,... Read more

5 Apr 2019

Financial Markets

The Baht weakened and the SET paired gains after surging early in the week.

The Baht fell later in the week. The Baht rose early in the week in alignment with the Yuan and other regional currencies amid stronger-than-expected Chinese PMI reported for March. However, the Baht’s upside gains were still limited as market participants awaited a clearer picture of domestic polit... Read more

29 Mar 2019

Financial Markets

The Baht and the SET recovered somewhat at the end of the week.

The Baht rebounded slightly, after having fallen earlier in the week. The Baht fell early to mid week in line with net foreign selling orders in the Thai stock and bond markets, while investors kept an eye on political situations after the general elections. In addition, the US Dollar rose amid conc... Read more

22 Mar 2019

Financial Markets

The Baht stayed in a narrow range while the SET surged at the end of the week.

The Baht stayed in a narrow range, but was volatile after the MPC and FOMC meetings. The Baht moved in a narrow band before falling to a 2-week low of THB31.97/USD after the BOT’s MPC members unanimously voted to keep its policy rate at 1.75%, and the BOT also revised downward its 2019 GDP forecast.... Read more

15 Mar 2019

Financial Markets

The Baht rose slightly while the SET continued to drop over the past week.

The Baht edged up against the US dollar. The Baht rose slightly early in the week while the US dollar fell on weaker-than-expected US CPI and PPI reports for February. The soft US inflation figures reinforced expectations that the Fed’s policy rate-hike pace would be slower this year. However, the B... Read more

1 Mar 2019

Financial Markets

The Baht hit a 1-month low while the SET faced foreign investor sell-offs.

The Baht hit a 1-month low. The Baht edged up early in the week on optimism about the US-China trade talks. The Baht, however, tumbled to a 1-month low of THB31.76/USD on the back of foreign investors’ selling orders of Thai stocks and bonds late in the week. The US dollar also gained on the rising ... Read more

22 Feb 2019

Financial Markets

The Baht reversed gains, while the SET index rose due to external factors

The Baht hit the highest level in more than 5 years at THB31.07/USD, before reversing those gains later in the week. The Baht rose along with risky assets and other regional currencies, including the Yuan amid the US-China trade talks. It also gained on hefty net foreign stock buying orders in mid-w... Read more

20 Feb 2019

Financial Markets

The Baht Surges toward THB31.00/USD amid Hopes for Positive Results in US-China Trade Talks (Current Issue No.2969)

It is worth noting that although foreign investors have held a net selling position in both the Thai stock and bond markets, with a combined worth of approximately THB20.4 billion, since early 2019, the Baht has appreciated quite substantially against other Asian currencies, in particular the Yuan, ... Read more

8 Feb 2019

Financial Markets

The Baht weakened while the SET index closed near last week’s level

The Baht traded in a narrow range, before weakening later in the week. Although the Baht moved within a limited range, it had a slightly strong bias on the back of net foreign stock and bond buying orders. However, the Baht fell later in the week on the BOT’s signal to step into the market ... Read more

1 Feb 2019

Financial Markets

The Baht hit an almost 9-month high while the SET index rose as Fed held interest rates steady

The Baht hit an almost 9-month high of THB31.18/USD after the FOMC meeting. The Baht rose in line with net foreign stock buying orders and other Asian currencies. The US dollar, however, tumbled on the Fed’s dovish statement. The Fed cut a reference to the Fed’s plan for further gradual rate hikes a... Read more

18 Jan 2019

Financial Markets

The Baht hit an 8-month high while the SET faced institutional investor sell-offs

The Baht hit an 8-month high before paring gains later in the week. The Baht rose in line with net foreign stock buying orders and rising risky assets. Meanwhile, the US dollar faced sell-offs on the back of weak US economic data, signals to slow the US-rate hike path from the Fed Vice Chairman, and... Read more

4 Jan 2019

Financial Markets

The Baht hit a 7-month high while the SET index rose during the first week of the year

The Baht hit a 7-month high of THB32.00/USD. A stronger Baht was due to the US dollar’s sell-offs amid concerns about a partial government shutdown. Meanwhile, weaker-than-expected US economic data hurt the US dollar sentiment and reinforced worries about uncertain US interest rate hike cycle. The B... Read more

28 Dec 2018

Financial Markets

Baht rises while SET index rebounds slightly on last trading day of 2018

The Baht rose to test THB32.40/USD later in the week amid the US dollar’s sell-offs on the back of concerns about the US partial government shutdown, economic slowdown in the US and globally, as well as prolonged trade tension between the US and China.... Read more

14 Dec 2018

Financial Markets

“The Baht rose slightly while the SET index fell sharply over-week.”

The Baht rose, but within a narrow range. The Baht rose slightly in line with the Yuan and other Asian currencies amid easing concerns about the US-China trade tension after news reported that China could undo the tariffs on American-made cars. However, the Baht’s upside gains were capped later whil... Read more

30 Nov 2018

Financial Markets

“The Baht strengthened while the SET index rose along with foreign stock markets as Fed might slow the pace of its interest rate hikes next year.”

The Baht broke the THB33.00/USD level. The Baht rose amid the US dollar’s sell-offs after the Fed Chairman said that the Fed’s benchmark rate is just below neutral level. The remarks were seen as a signal for a slower tightening cycle of the Fed rate hikes in 2019. However, the Baht’s upside gains w... Read more

23 Nov 2018

Financial Markets

“The Baht weakened while the SET index recovered somewhat late in the week.”

The Baht weakened later in the week. It briefly rose early in the week on doubts about the US rate-hike outlook next year after Fed officials expressed concerns about the weaker global economic outlook. However, the Baht reversed gains and fell later in the week on a weaker-than-expected 3Q-18 Thai ... Read more

16 Nov 2018

Financial Markets

“The Baht rose slightly, while the SET index remained in the downward trend.”

The Baht was stronger than THB33.00/USD again. It briefly fell early in the week on the US rate-hike prospect, which helped support the US dollar sentiment. However, the Baht rebounded later on as the US dollar faced sell-offs amid hopes for solutions toward the BREXIT deal and US-China trade negoti... Read more

9 Nov 2018

Financial Markets

“The Baht weakened, while the SET index fell due to external factors.”

The Baht was weaker than THB33.00/USD again. The Baht was volatile early in the week ahead of the US mid-term elections. However, the Baht rebounded later on as the US dollar fell after the midterm elections results. Democrats won the U.S. House of Representatives while Republicans held on to their ... Read more

2 Nov 2018

Financial Markets

“The Baht rebounded later in the week, while the SET index rose following institutional investor purchases.”

The Baht strengthened later in the week. The Baht hit a 2-1/2 month low of THB33.32/USD in early week amid the weakening Asian currencies and Yuan on the back of news that the US will escalate its trade dispute with China by imposing tariffs on all remaining imports from China. The US dollar rose fu... Read more

26 Oct 2018

Financial Markets

“The Baht broke the THB33.00/USD level, while the SET rebounded after falling below 1,600 points.”

The Baht weakened and later broke the THB33.00/USD level. The Baht fell on a disappointing Thai export data and hefty net foreign stock selling-orders during the week. Meanwhile, the US dollar rose amid risk aversion, triggered by concerns about the EU’s formal steps to reject Italy's budget and Chi... Read more