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Financial Market & Institutions Analysis

10 Sep 2021

Financial Markets

The Baht pared losses later in the week while the SET dropped but remained over 1,600 points

The Baht rose later in the week. The Baht weakened in line with net foreign stock and bond selling orders during the week while the US dollar rose as a safe-haven currency amid concerns about the global economic slowdown hit by the delta variant. However, the Baht pared those losses somewhat and reb... Read more

3 Sep 2021

Financial Markets

The Baht weakened later in the week while the SET stood firmly over 1,600 points

 The Baht pared gains and weakened later in the week. The Baht rose early-to mid-week on net foreign stock and bond buying orders, while the US dollar faced sell-offs after the Fed Chair signaled that the Fed might taper its bond-buying program with no hurry to raise interest rates. The Baht pared ... Read more

27 Aug 2021

Financial Markets

The Baht strengthened while the SET rose on hopes towards easing restrictions on economic activity

The Baht hit a 6-week high of THB32.61/USD. The Baht rose on technical-buying orders and position adjustments ahead of the Fed Chair’s speech at the Fed annual Jackson Hole symposium that market participants kept an eye on to assess a chance of QE tapering. The Baht also rose on net foreign stock an... Read more

23 Aug 2021

Financial Markets

The Baht moved within a tight range while the SET rose despite pressure from COVID-19 situation

The Baht moved within a narrow range. The Baht weakened early in the week amid concerns over the Thai economic outlook due to the impact of the prolonged COVID-19 pandemic. Later, the Baht rebounded briefly on position adjustments before the release of the FOMC meeting minutes. However, the Baht tum... Read more

13 Aug 2021

Financial Markets

The Baht remained weak while the SET was under pressure of the COVID-19 situation

The Baht remained weak, having hit a 3-year low of THB33.49/USD during the week. The Baht tumbled earlier in the week amid concerns about the domestic COVID-19 outbreak, while the US dollar rose on the Fed’s signal of a chance for QE tapering later this year. The Baht rebounded briefly on the US Dol... Read more

6 Aug 2021

Financial Markets

The Baht hit a near 3-year low while the SET pared all gains at the end of the week

The Baht hit a near 3-year low of THB33.39/USD. The Baht faced sell-offs amid the rising risk from the currently severe COVID-19 outbreak that is set to dampen the Thai economic outlook in 2021 and 2022. In addition, the US dollar was supported by a strong US Jobless Claims report and the Fed offici... Read more

2 Aug 2021

Financial Markets

The Baht and SET pressured by risks of COVID-19 at home

The Baht hit its lowest level in 15-1/2 months of THB32.99/USD before rebounding somewhat at the end of the week. The Baht weakened amid concerns towards the surging number of COVID-19 cases at home, placing intense pressure on Thailand’s healthcare system. Meanwhile, the Baht along with the yuan an... Read more

27 Jul 2021

Financial Markets

The Baht hit a new 15-month low, while the SET dropped on concerns over COVID-19 situation

The Baht hit a new 15-month low of THB32.94/USD. The Baht tumbled further as confirmed domestic COVID-19 cases continued to surge over 10,000 cases per day. The worsening COVID-19 situation has reinforced concerns about its impact on the path to Thailand’s economic recovery. Other Asian currencies w... Read more

16 Jul 2021

Financial Markets

The Baht hit a 15-month low, while the SET rose despite pressure from COVID-19

The Baht hit a 15-month low of THB32.80/USD towards the end of the week. The Baht traded within a narrow range earlier in the week, while the US dollar fell on a signal by the Fed Chairman that the Fed would not tighten its monetary policy in the immediate future despite a surge in inflation. Howeve... Read more

9 Jul 2021

Financial Markets

The Baht hit a near 15-month low, while the SET dropped on the worsening COVID-19 situation at home

The Baht faced sell-offs during the week of July 5-9. The Baht hit a near 15-month low of THB32.73/USD amid concerns about the domestic COVID-19 situation with a surge in covid cases. The protracted COVID-19 pandemic led to an implementation of the stricter control measures and dampened the economic... Read more

2 Jul 2021

Financial Markets

The Baht hit a near 14-month low, while the SET faced sell-offs amid concerns towards COVID-19 situation

The Baht broke the THB32.00/USD level to hit THB32.27/USD, the weakest level in almost 14 months. The Baht tumbled on concerns about the domestic COVID-19 situation and data showing that Thailand’s current account balance posted a deficit for the seventh consecutive month. Meanwhile, the US dollar r... Read more

21 Jun 2021

Financial Markets

The Baht tumbled while the SET dropped below 1,600 points, pressured by numerous factors

The Baht hit a 13-month low of THB31.98/USD, before paring losses somewhat later in the week. The Baht weakened, as the US dollar rose on Fed officials’ remarks, signaling that the Fed might tighten its monetary policy sooner rather than later. The Baht fell further on concerns about the domestic CO... Read more

14 Jun 2021

Financial Markets

The Baht strengthened while the SET closed firmly above 1,600 points

The Baht strengthened against the US dollar. The Baht was supported by net foreign stock and bond buying orders and promising news regarding the mass vaccination rollout across the nation early in the week. Meanwhile, the US dollar continued to weaken in line with the declining of US bond yields (th... Read more

7 Jun 2021

Financial Markets

The Baht weakened, while the SET closed above 1,600 points despite paring some gains at the end of the week

The Baht weakened later in the week. The Baht rose early in the week in line with most other regional currencies and net foreign buying-orders for Thai stocks and bonds. However, the Baht pared those gains and weakened later in the week. Meanwhile, stronger-than-expected US economic data, including ... Read more

28 May 2021

Financial Markets

The Baht edged higher, while the SET rose in line with other stock markets and on hopes towards rapid vaccination rollouts

The Baht edged stronger in line with the Yuan and most other regional currencies. It also gained on net foreign bond-buying orders and a stronger-than-expected Thai export data for April. Meanwhile, the US dollar was weighed down by remarks of the Fed officials signaling that the Fed would continue ... Read more

21 May 2021

Financial Markets

The Baht traded narrowly while the SET dropped on concerns over the COVID-19 situation at home

The Baht traded in a narrow range. The Baht fell slightly amid concerns about the COVID-19 situation at home, which is set to dampen the Thai economic outlook. Meanwhile, the US dollar rose after the FOMC minutes discussed the inflation outlook and a plan for adjusting the pace of asset purchases. H... Read more

14 May 2021

Financial Markets

The Baht weakened while the SET dropped sharply on internal and external negative factors

The Baht weakened after rising briefly early in the week as the US dollar fell on a disappointing US Non-Farm Payrolls report. However, the Thai currency tumbled later on, while the US dollar strengthened along with the rising bond yields on the back of a stronger-than-expected US CPI data, triggeri... Read more

7 May 2021

Financial Markets

The Baht traded in a narrow range while the SET rebounded at the end of the week

The Baht traded in a narrow range. The Baht rose slightly on position adjustment after the domestic financial markets reopened mid-week. It reversed those gains later amid concerns over the economic impacts from the third wave of COVID-19 at home. However, the Baht rebounded later in the week as the... Read more

30 Apr 2021

Financial Markets

The Baht strengthened while the SET faced sell-offs at the end of the week

The Baht hit a 1-month high of THB31.135/USD after breaking the THB31.20/USD level later in the week. The Baht rose along with net foreign bond buying orders, while the US dollar face sell-offs on the back of the Fed’s easing monetary policy stance. The latest FOMC meeting signaled that the Fed woul... Read more

23 Apr 2021

Financial Markets

The Baht weakened while the SET dropped towards the end of the week on concerns about COVID-19

The Baht hit the weakest level in a week at THB31.44/USD amid concerns about the third wave of COVID-19 at home, with the number of daily cases rising at an alarming rate. Meanwhile, the US dollar rose as a safe-haven currency later in the week after the US President Joe Biden proposed a plan to hik... Read more

16 Apr 2021

Financial Markets

The Baht strengthened while the SET rebounded somewhat at the end of the week despite over-week declines

The Baht regained strength towards the end of the week. The Baht hit a 6-month low of THB31.57/USD earlier in the week amid concerns about the third wave of COVID-19 at home as it has spread widely and could have adverse impacts on the Thai economic outlook. However, the Baht rebounded strongly on t... Read more

9 Apr 2021

Financial Markets

The Baht fell to a 6-month low, while the SET dropped over-week despite a rebound at the end of

The Baht hit a 6-month low of THB31.51/USD. The Baht fell along with other regional currencies early in the week, while the US dollar extended its gains on a stronger-than-expected US non-farm payrolls report for March that helped boost hopes for the US economic recovery. The Baht then fell to a 6-m... Read more

2 Apr 2021

Financial Markets

The Baht extended losses while the SET closed near 1,600 points

The Baht hit a 5-1/2 month low of THB31.40/USD. The Baht weakened, while the US dollar rose as a safe-haven currency amid concerns about media reports that a US-based hedge fund defaulted on margin calls. The US dollar also extended gains on the prospect of a strong US economic recovery, boosted by ... Read more

26 Mar 2021

Financial Markets

The Baht hit a 4-1/2 month low before rebounding, while the SET surged at the end of the week

The Baht fell along other regional currencies, while the US dollar rose on positive US economic views given by the Fed chairman and Secretary of the Treasury, as well as a better-than-expected US jobless claims report. The Baht was also hit by weak export data for February. However, the Baht’s losse... Read more

12 Mar 2021

Financial Markets

The Baht weakened while the SET rose along with other stock markets but pared gains somewhat at the end of the week

The Baht fell to a 4-month low of THB30.95/USD. The Baht weakened early in the week, as the US dollar rose along with the rising US bond yields, supported by the US stimulus measures. The Baht pared losses somewhat on the back of the correction in US bond yields and net foreign stock and bond buying... Read more

5 Mar 2021

Financial Markets

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

The Baht hit a near 4-month low of THB30.51/USD. The Baht weakened along with other Asian currencies, while the US dollar extended gains on the rising US bond yields, supported by the Fed Chair’s remarks signaling that the Fed would have no additional measures to slow the yield upward trend. The US ... Read more

25 Feb 2021

Financial Markets

The Baht weakened while the SET fluctuated throughout the week

The Baht traded at the weaker side of THB30.00/USD. It fell early in the week along with net foreign stock and bond selling orders. Meanwhile, the US dollar was boosted by the rising US bond yields on the back of the US economic optimism. The US dollar’s gains were capped somewhat by the Fed Chair’s... Read more

22 Feb 2021

Financial Markets

The Baht weakened while the SET dropped on sell-offs by domestic institutional and foreign investors

The Baht weakened but later rebounded later in the week. The Baht moved in a tight range before weakened later due to the strengthening greenback on the rising US bond yields amid signs of the US economic recovery. However, the Baht pared losses later in the week, while the US dollar fell on a weake... Read more

11 Feb 2021

Financial Markets

The Baht strengthened while the SET rose above 1,500 points despite the sell-offs before long weekend

The Baht strengthened against the US dollar. The Baht’s gains were in line with other regional currencies and risky assets amid hopes for the US stimulus measures. In addition, the US dollar fell on the Fed Chair’s remarks on easing monetary policy stance, the falling US Treasury bond yields, and th... Read more

29 Jan 2021

Financial Markets

The Baht bounced back later in the week while the SET dropped below 1,500 points again

The Baht rose later in the week. The Baht traded in a narrow range earlier in the week, awaiting new factors, before falling later as the US dollar gained on the Fed’s meeting outcomes, i.e., its policy rate and QE program were kept unchanged, while no new easing measures were announced. The US doll... Read more

22 Jan 2021

Financial Markets

The Baht rose slightly while the SET dropped below 1,500 points amid concerns towards the COVID-19 situation

The Baht rebounded slightly after having fallen earlier in the week in line with other regional currencies amid a number of risks. These include concerns about the economic impacts from the COVID-19 pandemic, problems concerning COVID-19 vaccinations in many countries, and the US political situation... Read more

15 Jan 2021

Financial Markets

The Baht traded in a narrow range while the SET dropped on sell-offs of institutional investors

The Baht traded in a narrow range, but rose slightly later in the week. The Baht fell in line with the weaker Yuan and other regional currencies while the US dollar gained its strength on the rising US bond yields and buying orders amid US political uncertainty. However, the Baht pared losses somew... Read more

8 Jan 2021

Financial Markets

The Baht weakened later in the week while the SET rose above 1,500 points in the first week of the year

The Baht weakened at the end of the week. The Baht rose early in the week in line with the Yuan and other regional currencies while the US dollar had no new supportive factors. The Thai currency then pared gains along with weakening regional peers, as well as net foreign selling orders for Thai bon... Read more

18 Dec 2020

Financial Markets

The Baht strengthened past the THB30.00/USD levelwhile the SET dropped on sell-offs of institutional and foreign investors

The Baht broke the THB30.00/USD level. The Baht traded in a narrow range earlier in the week, before strengthened later and hit a 7-1/2 year high of THB29.76/USD on the back of the US Treasury report on macroeconomic and foreign exchange policies of major trading partners of the US that added Thail... Read more

11 Dec 2020

Financial Markets

The Baht tested the THB30.00/USD level while the SET continued to rise on hopes for COVID-19 vaccines

The Baht gradually strengthened to test the THB30.00/USD level before a long holiday in Thailand. The Baht rose on weaker US dollar sentiment and the US dollar sell-offs from exporters. In addition, the Baht’s gains were led by foreign net buying orders for Thai stocks on Tuesday and for Thai bonds... Read more

4 Dec 2020

Financial Markets

The Baht gradually strengthened, while the SET rebounded at the end of the week

The Baht gradually strengthened in line with other regional currencies against the safe-haven US dollar. Meanwhile, the US dollar faced sell-offs amid hopes towards COVID-19 vaccines and easing monetary policy stance signaled by the Fed Chairman. In addition, the US dollar was under pressure from w... Read more

27 Nov 2020

Financial Markets

The Baht traded in a narrow range while the SET rose over 1,400 points again

The Baht edged slightly stronger, but the trading range remained narrow during the week. Most market participants kept an eye on the domestic political situation and signals from the relevant authorities to lessen the currency’s volatility. Meanwhile, foreign fund inflows slowed, especially in the b... Read more

20 Nov 2020

Financial Markets

The Baht rebounded although the BOT announced measures to help balance fund flows while the SET rose continuously on foreign investor purchases

The Baht rebounded despite the BOT’s measures to mitigate pressure on the currency. The Baht hit a new 10-month high of THB30.14/USD on net foreign stock and bond buying orders, as well as the appreciation of other Asian currencies due to encouraging news about COVID-19 vaccines. However, it weaken... Read more

13 Nov 2020

Financial Markets

The Baht hit a 10-month high while the SET rose on foreign investor purchases

The Baht hit a 10-month high of THB30.175/USD before paring gains somewhat. The Baht strengthened early in the week along with other Asian currencies, after Democrat Joe Biden won the 2020 presidential election and there was positive news about the COVID-19 vaccine. The Baht was also supported by h... Read more

6 Nov 2020

Financial Markets

The Baht hit a 9-month high while the SET rose on hopes that Joe Biden will win the US presidential election

The Baht broke the THB31.00/USD level, boosted by stronger Yuan and other Asian currencies. Meanwhile, the US dollar faced sell-offs amid expectations that Democrat Joe Biden would be the winner of the 2020 presidential election. The Baht also gained on hefty net foreign bond buying orders of THB25... Read more

16 Oct 2020

Financial Markets

The Baht weakened while the SET dropped almost throughout the week amid concerns over domestic and external factors

The Baht weakened. The Baht weakened early in the week in line with other regional currencies, including the Yuan after the PBOC announced a cut in FX forward reserve requirements to 0%, from the previous 20%. The Baht also fell on net foreign stock selling orders. However, the Baht traded in a narr... Read more

25 Sep 2020

Financial Markets

The Baht weakened while the SET fell on negative factors both at home and abroad

The Baht pared losses somewhat, after having hit an almost 2-month low of THB31.67/USD. The Baht weakened along with falling risky assets and other regional currencies. Its sentiment was also weighed down by domestic political factors. Meanwhile, the US dollar rose on concerns about the global econo... Read more

18 Sep 2020

Financial Markets

The Baht strengthened while the SET fluctuated but remained positive over-week

The Baht strengthened further in line with the Yuan and other regional currencies, supported by news regarding the development of COVID-19 vaccines. Meanwhile, the US dollar faced sell-offs after the Fed signaled an easing monetary policy stance and vowed to keep low interest rates for a longer peri... Read more

11 Sep 2020

Financial Markets

The Baht moved in a tight range while the SET dropped on negative factors

The Baht traded in a narrow range, but rose slightly against the US dollar. The Baht edged up early in the week in line with net foreign bond buying orders, as well as other Asian currencies, including the Yuan. Meanwhile, the US dollar faced sell-offs especially against the EUR after the ECB kept i... Read more

3 Sep 2020

Financial Markets

The Baht fell, while the SET dropped on profit-taking before long holidays

The Baht weakened against the US dollar. It hit a 1-week low of THB31.45/USD before long holidays. The Baht fell along with net foreign stock selling orders, while the US dollar rose on stronger-than-expected US ISM and PMI manufacturing surveys. The Baht sentiment was also weighed down by concerns ... Read more

28 Aug 2020

Financial Markets

The Baht strengthened, while the SET also rose on institutional investor purchases

The Baht strengthened along with other regional currencies, including the Yuan, following positive signals seen in the US-China Phase 1 trade deal review and technically buying-orders during the week. The Baht extended gains later in the week and hit a 1-week high of THB31.16/USD, while the US dolla... Read more

21 Aug 2020

Financial Markets

The Baht hit a 3-week low while the SET dropped over-week

The Baht weakened against the US dollar. The baht briefly rose early in the week, as the US dollar fell along with US bond yields on the back of disappointing US economic data. However, the Baht tumbled later in the week amid concerns about domestic factors, including the political and COVID-19 situ... Read more

14 Aug 2020

Financial Markets

The Baht pared gains while the SET dropped at the end of the week before weekend

The Baht rose slightly, while the US dollar dropped on US-China tensions before the scheduled meeting to discuss about the progress of Phase 1 trade deal. The US dollar also faced sell-offs amid concerns about the US new stimulus measures due to different stances between the White House and Congress... Read more

7 Aug 2020

Financial Markets

The Baht and the SET fell at the end of the week amid US-China tensions

The Baht fell later in the week, after having risen in early to mid week along with other regional currencies. In addition, the Baht was partially supported by the rising global gold prices. It broke the THB31.00/USD to hit a new 1-month high of THB30.98/USD. However, the baht pared gains somewhat l... Read more

17 Jul 2020

Financial Markets

The Baht weakened while the SET surged at the end of the week on foreign investors’ purchase

The Baht weakened to a 1-1/2 month low last week. The Baht depreciated continuously amid domestic pressures, including concerns over the risk of a second wave of COVID-19 in Thailand and domestic political issues. In addition, the Baht was pressured by technical factors after the Baht broke the key ... Read more

10 Jul 2020

Financial Markets

The Baht weakened while the SET dropped on concerns over the global COVID-19 situation

The Baht weakened to a 1-month low last week. The Baht depreciated amid the US dollar buying orders after the Baht broke the key THB31.15/USD level early in the week. In addition, mounting concerns over the impact of worsening COVID-19 situation, especially in the US, on the global recovery supporte... Read more

3 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