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Financial Market & Institutions Analysis

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

19 Oct 2018

Financial Markets

“The Baht rose slightly, while the SET dropped amid foreign investor sell-offs.”

The Baht strengthened, but its gains were capped later in the week. The Baht rose early- to mid-week along with net foreign bond buying orders while the US dollar fell on a weaker-than-expected US retail sales data. However, the Baht pared gains somewhat later in the week in line with falling... Read more

28 Sep 2018

Financial Markets

“The Baht stayed in a tight range, while the SET index closed a bit higher than the last week level”

The Baht rose slightly late in the week, but its movement remained tight. The Baht fell early in the week in line with other regional currencies amid steepened tension related to the US-China trade deal after China canceled trade talks with the US before the latter’s new tariffs on Chinese goods wer... Read more

14 Sep 2018

Financial Markets

“The Baht strengthened, while the SET index rebounded strongly”

The Baht hit a 2-month high last week. The Baht fell briefly early in the week on concerns about the fragile emerging markets while the US dollar extended gains on a stronger-than-expected US Non-farm Payrolls data. However, the Baht rebounded later in the week, along with net foreign buying orders ... Read more

7 Sep 2018

Financial Markets

“The Baht edged weaker, while the SET index fell below the 1,700 level”

The Baht traded in a narrow range, but weaker than the previous week. The Baht fell on weak regional currencies that were pressured by sell-offs of emerging market currencies on the back of their fragile economies. Meanwhile, the US dollar was supported by ongoing trade disputes between the US and i... Read more

31 Aug 2018

Financial Markets

“The Baht weakened later in the week, while the SET index rose over-week”

The Baht fell, after having hit a 2-month of THB32.50/USD. The Baht rose on net foreign bond buying orders and the US dollar’s sell-offs on the back of US-Mexico trade deal. However, the Baht weakened later in the week, as the US dollar strengthened on stronger than expected US economic reports that... Read more

24 Aug 2018

Financial Markets

“The Baht hit a 2-month high, while the SET index rose over-week”

The Baht broke the THB33.00/USD level. The Baht rose to a 2-month high of THB32.65/USD after the Yuan and other Asian currencies rose on the back of optimism on the US-China trade negotiations. The US dollar faced sell-offs after US President Trump criticized the Fed Chairman and said that he disagr... Read more

17 Aug 2018

Financial Markets

“The Baht recovered and the SET index rebounded late in the week”

The Baht rose late in the week. The Baht fell briefly early of the week, after concerns about the Lira crisis triggered sell-offs of emerging-market assets, Asian currencies, and the Baht. However, the Baht later pared those losses and recovered on the back of the rebounding Yuan and other Asian cur... Read more

10 Aug 2018

Financial Markets

“The Baht weakened late in the week, while the SET index closed a bit lower than the last week level.”

The Baht pared gains around end of week. The Baht earlier rose on net foreign stock buying orders, and the rebounding Yuan after the PBOC signaled that they would take action to stabilize the Yuan movement. The US dollar sell-offs on the back of the falling US bond yields were also the Baht’s suppor... Read more

3 Aug 2018

Financial Markets

“The Baht weakened after the FOMC meeting, while the SET index fluctuated.”

The Baht weakened after the FOMC meeting. The Baht briefly rose on net foreign stock and bond buying orders. However, the Baht reversed those gains later in the week, along with weakening Yuan and regional currencies. Meanwhile, the dollar rose on the Fed’s statement, signaling that they would likel... Read more

26 Jul 2018

Financial Markets

“The Baht rose, while the SET index closed at over 1,700 points.”

The Baht rose against the US dollar. A stronger Baht was in line with other Asian currencies, while the US dollar faced sell-offs after the US President said that the Fed’s tightening cycle might have impacts on the US economy and the strong US dollar could result in weaker US competitiveness. The U... Read more

13 Jul 2018

Financial Markets

“The Baht hit a 9-month low, while the SET index soared up over-week.”

The Baht hit over 9-month low of THB33.29/USD. The Baht fell to THB33.36/USD, the weakest level in 9 months. A weaker Baht was in line with the Yuan and regional currencies amid concern about the international trade situation between the US and China. Meanwhile, the US dollar also gained on strong U... Read more

6 Jul 2018

Financial Markets

“The Baht weakened, while the SET index closed at over 1,600 points.”

The Baht hit over 8-month low of THB33.29/USD. The Baht and regional currencies fell along with risky assets, and Chinese Yuan (although the PBOC signaled to monitor the Yuan movement) amid concern about the international trade situation between the US and China, as US tariffs imposed on imports fro... Read more

29 Jun 2018

Financial Markets

“The Baht hit over 8-month low of THB33.22/USD, while the SET index closed at a 10-month low.”

The Baht hit over 8-month low of THB33.22/USD. The Baht fell along with Chinese Yuan, most Asian Currencies, and other risky assets amid concerns about the international trade situation between the US and their trading partners, especially restrictions on investment and trade. The Baht was also pres... Read more

22 Jun 2018

Financial Markets

“The Baht hit over 7-month low of THB33.00/USD, while the SET index dropped over-week.”

The Baht broke the THB33.00/USD level to hit over 7-month low. The Baht fell along with net foreign stock and bond selling orders, while the US dollar rose further on the Fed Chairman’s remarks about more interest rate hikes in the coming months. Meanwhile, concerns about the international trade sit... Read more

15 Jun 2018

Financial Markets

The Baht hit over 5-month low, while the SET index rose early before dropping through the end of the week.

The Baht hit over 5-month low of THB32.46/USD. The Baht fell on net foreign stock and bond selling orders, while the US dollar rose strongly after the FOMC meeting. The Fed gave a hawkish signal that there would be two more rate hikes later in the year, compared with one hike signaled earlier. The ... Read more

8 Jun 2018

Financial Markets

“The Baht fell late in the week, while the SET index closed near last week’s level.”

The Baht fell later in the week. The Baht edged up early- to mid-week in line with strong regional currencies, net foreign bond buying orders, and the US dollar sell-offs, especially against the Euro that was supported by expectation for the ECB’s signals to terminate their QE program by the end of ... Read more

1 Jun 2018

Financial Markets

“The Baht fell slightly, while the SET index remained falling.”

The Baht weakened slightly. The Baht fell to the weaker side of THB32.00/USD in early to mid week, along with weak regional currencies and net foreign selling orders for Thai stocks, while the US dollar also gained, especially against the Euro, pressured by concern about political uncertainty in Ita... Read more

25 May 2018

Financial Markets

“The Baht bounced back to the stronger side of THB32.00/USD, while the SET index fell over-week.”

The Baht rose to the stronger side of THB32.00/USD. The Baht briefly fell early in the week on news that the US and China put trade war on hold. However, the Baht reversed those losses and strengthened later in the week, while the US dollar fell on concerns about uncertain outcome of US-China trade ... Read more

11 May 2018

Financial Markets

“The Baht rebounded somewhat after falling to the weak side of THB32.00 level, while the SET index closed lower over-week.”

The Baht broke the THB32.00/USD to hit a 4-month low of THB32.22/USD. The Baht fell, while the US dollar extended gains on expectations of the Fed’s rate hikes, boosted by surging global oil prices and higher inflationary concerns. However, the Baht pared those losses later in the week, as the... Read more

11 May 2018

Financial Markets

“The Baht weakened, while the SET index fell sharply.”

The Baht weakened further against the US dollar. The US dollar rose on US economic data, including industrial production, and Philadelphia Fed business outlook survey that came out stronger than expected, as well as the rising US bond yields. US 10-year Treasury bond yield hit its highest level sinc... Read more

4 May 2018

Financial Markets

“The Baht weakened, while the SET index fell at the end of the week.”

The Baht weakened to nearly THB31.75/USD. It appreciated early in the week, while investors sold the US Dollar somewhat to adjust their positions before the latest Fed meeting. However, the Baht pared those gains and weakened later on Thai bond sell-offs by foreign investors. The US Dollar wa... Read more

27 Apr 2018

Financial Markets

“The Baht weakened, while the SET index fell over-week.”

The Baht hit a 2-month low. The Baht fell, while the US dollar rose along with the rising US bond yields. US 10-year yield surged to above 3%, the highest level in 4 years. In addition, the weak Baht was also in line with net stock and bond selling orders of foreign investors during the week. ... Read more

20 Apr 2018

Financial Markets

“The Baht weakened, while the SET index rebounded to close at over 1,800 points again.”

The Baht fell slightly against the US Dollar, but its movement overall remained within a narrow range all week. The baht fell along with weakening regional currencies, while the US Dollar rose on higher US Treasury yields after Fed officials remarked that the US inflation rate would likely inc... Read more

26 Feb 2018

Financial Markets

“The Baht weakened slightly, while the SET closed at near last week’s level.”

The Baht fell slightly against the US Dollar. The Baht briefly rose early in the week as the US dollar tumbled on a weak US New Home Sales report and falling US bond yields. However, the Baht reversed those gains and weakened later on the Fed Chairman’s viewpoint toward US overall economic and... Read more

19 Feb 2018

Financial Markets

“The Baht weakened, while the SET rebounded to over 1,800 points after some sell-offs.”

The Baht weakened against the US Dollar. The Baht fell to mid week amid the US Dollar short-covering ahead of the release of the latest FOMC minutes. The US dollar also gained on the US rate-hike outlook and rising US bond yields. However, the Baht pared some losses somewhat later in the we... Read more