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Financial Market & Institutions Analysis

10 Jul 2020

Financial Markets

The Baht weakened while the SET pared gains somewhat at the end of the week due to mounting risk of second wave of COVID-19 in US

The Baht traded at the weaker side of THB31.00/USD in line with some other regional currencies. The Baht also fell after the Bank of Thailand signaled that a stronger Baht could have negative impacts on Thailand’s economy, while related officials have considered needed measures to help stabilize the... Read more

26 Jun 2020

Financial Markets

The Baht rose slightly while the SET dropped amid concerns over the economic impact of COVID-19

The Baht rose in line with other regional currencies amid easing lockdown measures. The Asian currencies were also supported by an assurance that the phase one US-China trade deal is still intact. The Baht rose slightly after the BOT’s MPC kept its policy rate unchanged at 0.50%. However, the Baht’s... Read more

19 Jun 2020

Financial Markets

The Baht traded in a narrow range while the SET dropped over-week

The Baht traded in a narrow range against the US dollar. The Baht weakened early to mid-week along with other regional currencies, as the US dollar gained as a safe-haven currency amid worries about a second wave of the COVID-19 pandemic, especially in the US and China. The US dollar was also suppor... Read more

12 Jun 2020

Financial Markets

The Baht hit an over 4-month high while the SET dropped on concerns over a second wave of COVID-19 in US

The Baht broke the THB31.00/USD level to hit an over 4-month high of THB30.83/USD. The Baht rose early in the week in line with net foreign bond purchases, US dollar sales coming from exporters, as well as technical US dollar selling orders. In addition, the US dollar faced sell-offs after the Fed s... Read more

5 Jun 2020

Financial Markets

The Baht hit an over 2-1/2 month high while the SET closed above 1,400 points supported by foreign investors’ net buying

The Baht hit the strongest level in 2-1/2 months, as the currency traded near THB31.45/USD. The Baht rose along with other regional currencies, as well as net foreign Thai stock and bond buying orders. The Baht gained, although the Bank of Thailand (BOT) has signaled to closely monitor the Bath’s mo... Read more

29 May 2020

Financial Markets

The Baht edged up along with the SET on reopening of economies

The Baht gradually rose after having fallen early in the week on sell-offs of Thai stocks and bonds by foreign investors. Meanwhile, the US dollar was supported by its safe haven appeal amid rising tensions between the US-China. The Baht rebounded later in line with other regional currencies on hope... Read more

22 May 2020

Financial Markets

The Baht rose, but the SET dropped at the end of the week on US-China tensions

The Baht gradually strengthened, but pared gains somewhat at the end of the week. The Baht rose early in the week in line with the recovery of risky assets on hopes for the COVID-19 vaccine, which supported other regional currencies, as well. In addition, the sell-offs of US dollar by exporters and ... Read more

15 May 2020

Financial Markets

The Baht extended gains, while the SET rose on the gradual reopening of economies.

The Baht rose against the US dollar, and hit a 2-month high of THB32.02/USD around mid-week. The Baht rose amid net foreign bond buying orders and signs for reopening economic activities in many countries. Meanwhile, the US dollar fell on a disappointing US April CPI data, posting the biggest drop i... Read more

8 May 2020

Financial Markets

The Baht rose while the SET recovered somewhat at the end of the week

The Baht rose to a 1-1/2 month high against the US dollar. The Baht edged down early in the week in line with net foreign stock and bond selling orders, while the US dollar rose as a safe-currency on worries about the global economic recession. However, the Baht rebounded strongly later in the week,... Read more

24 Apr 2020

Financial Markets

The Baht and the SET rose over-week, despite paring some gains before the weekend

The Baht rose slightly before paring gains somewhat later in the week. The Baht strengthened during early- to mid-week amid US dollar-selling orders from exporters, and net foreign bond buying orders. The Baht and other regional currencies also gained along with other risky assets, led by oil prices... Read more

17 Apr 2020

Financial Markets

The Baht rose while the SET rebounded somewhat at the end of the week

The Baht traded in a narrow range but rose slightly later in the week. The Baht weakened earlier in the week amid concerns about the impacts of COVID-19 on the global economy, including that of Thailand. However, the Baht recovered later in the week on USD-selling orders from exporters, while the US... Read more

10 Apr 2020

Financial Markets

The Baht strengthened while the SET rose on economic stimulus package

The Baht rose against the US dollar. The Baht gained early in the week along with other Asian risky assets on the back of hopes that the COVID-19 outbreak would lessen in many countries. Meanwhile, the US dollar faced sell-offs later in the week, after the Fed unveiled new relief measures worth USD2... Read more

3 Apr 2020

Financial Markets

The Baht weakened while the SET rose slightly at the end of the week led by energy shares

The Baht weakened against the US dollar. The Baht was pressured by concerns over the economic impacts of COVID-19 worldwide, including Thailand, as well as net foreign stock and bond selling orders. In addition, the Baht fell along with other regional currencies. However, the Baht pared losses somew... Read more

27 Mar 2020

Financial Markets

The Baht rose while the SET recovered somewhat on COVID-19 relief packages.

The Baht recovered, after having briefly weakened to THB33.00/USD amid concerns over negative impacts of the COVID-19 outbreak in Thailand, and net foreign fund outflows. The Baht, however, rebounded later in the week, as the US dollar tumbled on the Fed’s announcement on the unlimited QE measures. ... Read more

20 Mar 2020

Financial Markets

The Baht weakened while the SET recovered at the end of the week

The Baht continued to weaken against the US dollar. The Baht fell along with net foreign stock and bond buying orders, as well as concerns about the Thai economic outlook due to the COVID-19 outbreak. The Baht hit a 15-month low of THB32.74/USD before rebounding somewhat later in the week, after sev... Read more

13 Mar 2020

Financial Markets

The Baht weakened while a trading circuit breaker was triggered twice during the week as the SET fell sharply

The Baht weakened against the US dollar. The Baht fell while the global and Thai financial markets were highly volatile amid rising concerns towards the WHO’s announcement that the COVID-19 outbreak entered the pandemic phase. The Baht was also pressured by weak regional currencies, and net foreign ... Read more

6 Mar 2020

Financial Markets

The Baht rebounded but the SET fell at the end of the week on COVID-19 outbreak concerns

The Baht moved in the tight range throughout the week, although it strengthened at the end of the week. The Baht was under pressure (in line with other regional currencies) from concerns over the economic impact of the COVID-19 outbreak, while net foreign selling orders for Thai stocks and bonds dur... Read more

28 Feb 2020

Financial Markets

The Baht rebounded later in the week, while the SET fell sharply on COVID-19 outbreak

The Baht rebounded later in the week, having recouped losses during early to mid-week, after the Baht weakened in line with other regional currencies amid growing concerns about the COVID-19 outbreak outside of China. The Baht also fell on net foreign selling orders for Thai stocks and bonds. The Ba... Read more

21 Feb 2020

Financial Markets

The Baht weakened, while the SET fell below 1,500 points again

The Baht weakened along with the Yuan and other regional currencies amid concerns about the COVID-19 outbreak situation, after there was an increase in COVID-19 infections outside China. In addition, the Baht fell on technical selling orders, after it broke the THB31.50/USD level. Signs of a weak ec... Read more

14 Feb 2020

Financial Markets

The Baht edged up, while the SET dropped on lingering concerns over COVID-19

The Baht rose slightly against the US dollar. The Baht was supported by net foreign buying orders for Thai bonds and strong regional currencies earlier in the week after a report showed that the rate of Coronavirus (COVID-19) infections slowed somewhat. However, news that there was a surge in COVID-... Read more

7 Feb 2020

Financial Markets

The Baht weakened, while the SET rose over 1,500 points again.

The Baht weakened later in the week. The Baht rose slightly early in the week due to position adjustments before the BOT’s MPC meeting. However, the Baht dropped later during the rest of the week after the BOT decided to cut its policy rate to 1.00%, while the BOT governor said that although the Bah... Read more

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