The Thai baht is stable at around 35.68-35.70 baht/dollar.

Bangkok, The baht adjusted to a level of approximately 35.68-35.70 baht per dollar. This morning (10:05 a.m.) compared to yesterday's market closing level of 35.62 baht per dollar. Chinese CPI in January 2024 has decreased for the 4th consecutive month. Kanchana Chokpaisansin Research executive Kasikorn Research Center The baht continued to move in a depreciating range from yesterday afternoon. The market is still evaluating signals from The Monetary Policy Committee (MPC) takes a more cautious view in assessing the Thai economic outlook. Other Asian currencies have mixed trends, but we still need to monitor the Yuan situation before entering the long holiday period of the Chinese financial market. For the framework of the movement of the baht today Initial estimate is 35.50-35.80 baht per dollar. While important factors that need to be followed include the direction of fund flow. Statement from officials of the Federal Reserve (Fed), Consumer Price Index and Producer Price Index, January. of China and the number of weekly jobless claims in the United States. The National Bureau of Statistics of China (NBS) reported that the Consumer Price Index (CPI) in January 2024 decreased by 0.8% year-on-year. which is more than analysts expected. and it was a greater adjustment than in December. 2023 that decreased by 0.3%, with China's January CPI falling for the 4th consecutive month, while the Producer Price Index (PPI), which measures the cost of goods at the factory gate, fell 2.5% in January. March decreased for the 16th consecutive month. Analysts think that Such information This could put China at risk of facing deflation. Contrary to most countries that face high inflation problems. Source: Thai News Agency