KBank sees the "baht" next week at 35.00-35.70 baht, keeping an eye on inflation - the direction of foreign capital.

Kasikorn Bank (KBank) views the movement of the baht next week (3-7 July) at the level of 35.00-35.70 baht per dollar. Meanwhile, the Kasikorn Research Center assesses important factors that need to be monitored, including the inflation rate (CPI) in June in Thailand and the direction of foreign capital. Political situation in the country and statements from Fed officials

While important US economic figures include non-agricultural employment numbers. unemployment rate ADP Private Sector Employment PMI/ISM Manufacturing and Services Index, June Factory sector orders in May Minutes of the Fed meeting on June 13-14 and the number of people applying for weekly unemployment benefits. The market is also waiting for the results of the Reserve Bank of Australia's monetary policy meeting and June PMI indexes for China, the Eurozone and the UK as well.

In the past week (26-30 June), the baht reached its weakest level in 7 months at 35.74 baht per dollar. before recovering partially at the end of the week

The baht adjusted within a narrow range. before gradually weakening in the direction of the Yuan, which was pressured by concerns about the fragile outlook of the Chinese economy. While the dollar There is support from US economic figures (such as 1Q66 GDP and the number of weekly jobless claims) that are better than expected. and the Fed Chairman's statement emphasizing the possibility of an interest rate increase at the FOMC meeting in July.

In addition, the baht continued to move in a depreciating range until the end of the week amid concerns over Thai political issues. before recovering partially at the end of the week following the selling pressure of the dollar. to adjust positions during the month-end closing period and end of quarter

On Friday, June 30, 2566, the baht closed at 35.44 baht per dollar compared to 35.22 baht per dollar. On the previous Friday (June 23), for the investment portfolio status of foreign investors between June 26-30, 2566, foreign investors net bought Thai stocks of 1,214 million baht, but the status was Net. Outflows from the Thai bond market amounted to 2,694 million baht (net sales of bonds of 1,424 million baht and expired debt instruments of 1,270 million baht).