BANGKOK, Thailand – The Thai baht opened steady at 34.59 baht per US dollar on Thursday, November 28, with an expected trading range of 34.30-34.90 baht per dollar. According to TMBThanachart Bank (ttb), the opening rate was 34.56 baht per dollar, close to Monday’s closing rate of 34.58.
Key Factors Affecting the Baht:
Weaker US Dollar:
The US dollar softened against major currencies, aligning with a decline in US Treasury yields.
Minutes from the Federal Reserve’s recent policy meeting highlighted a gradual approach to reducing interest rates.
US Economic Indicators:
|The Personal Consumption Expenditures (PCE) index, a key inflation measure, rose slightly in line with expectations.
Unemployment benefits claims fell below forecasts, signaling labor market strength.
Additional Influences to Watch:
Economic data from major economies such as China and Japan, which are being released gradually.
Next week’s US non-farm payroll data, a critical indicator of labor market health.
Foreign Investor Activity (November 27):
Net purchases in the Thai bond market: 964 million baht.
Net sales in the Thai stock market: 89 million baht.
The baht’s stability reflects ongoing global economic developments and international investment trends. Analysts suggest the currency may fluctuate within the projected range, influenced by external factors and market sentiment.
