| FX Market Outlook |
On Friday, the USD/THB opened at 33.45/47, slightly changed from Wednesday's closing level of 33.48/52. Meanwhile, the dollar inched up on Friday after posting its biggest daily gain against the yen in more than three months the day when U.S. stocks rallied on a sharp drop in oil prices. J.P. Morgan on Thursday posted profit above Wall Street's expectations, which gave some hope to analysts that the credit crisis may not have pushed financial companies to the brink of disaster. Those hopes sapped the safe-haven bid for bonds. The fall in oil prices also helped dampen Japanese importers' incentive to buy dollars, traders said, adding that they expect range-trading as Japan heads into a three-day weekend. Japanese financial markets will be closed on Monday for a national holiday. The euro edged higher on Thursday after Merrill Lynch reported a much larger-than-expected $4.89 billion quarterly loss because of soured holdings of mortgages and other risky debt, and unveiled plans to sell billions of dollars of assets to shore up capital. At 8.45 a.m.,the USD/THB was trading at 33.42/43.
|
| THB Bonds Market Outlook |
On July 16, total trading values increased by 0.5% to THB 248 bln. Outright transactions accounted for 54% of total trading, which amounted to THB 133 bln., 6% lower than the previous day. At the auction, CB08804A gained 3.385 - 3.468% at an average of 3.44908%, with a bid-coverage ratio of 1.19 times. It also gained the major portion of the government bond trading value. As expectation, The BOT increased the policy rate +25 bps. to 3.50% but there was no significant effect with the long tenor bonds . The market overall was quite. At the end of the day, government bond yields for all tenors were changed by -11 to +2 bps.
|
 |
| JPY/USD |
106.24/27 |
106.22/25 |
| EUR/USD |
1.5859/63 |
1.5849/54 |
| GBP/USD |
2.0000/05 |
1.9973/78 |
| CHF/USD |
1.0184/90 |
1.0197/02 |
| SGD/USD |
/// |
1.3515/52 |
| HKD/USD |
/// |
7.7981/84 |
| AUD/USD |
0.9729/34 |
0.9719/24 |
|
| 1 month (%) |
2.4581 |
4.4681 |
0.6500 |
2.3000 |
| 2 months (%) |
2.6613 |
4.7469 |
0.7900 |
2.5950 |
| 3 months (%) |
2.7863 |
4.9581 |
0.9125 |
2.7950 |
| 6 months (%) |
3.0844 |
5.1406 |
1.0163 |
2.9383 |
| 12 months (%) |
3.2119 |
5.3806 |
1.1600 |
3.2400 |
|
| O/N |
- |
3.5000 |
| 7 days |
- |
- |
| 14 days |
- |
- |
| 1 month |
- |
- |
| 2 months |
- |
- |
| 3 months |
- |
- |
| 6 months |
- |
- |
|
| US 10 years |
3.67 |
|
| Thai Yankee 2007 |
N/A |
N/A |
| JGB 10 years |
1.58 |
- |
| Thai Gov't 10 years |
5.66 |
- |
|
|
|
| THB / USD |
33.504 |
|
| Change |
+0.015 |
Baht |
|
| Fixed : |
3 months |
2.375 |
% |
| |
6 months |
2.50 |
% |
| |
12 months |
2.75 |
% |
| |
24 months |
3.50 |
% |
| Saving A/C |
0.75 |
% |
|
| MOR |
7.50 |
% |
| MLR |
7.25 |
% |
| MRR |
7.75 |
% |
|
| Prime Rate |
5.00 |
% |
| Fed Fund Rate* |
2.00 |
% |
|
| * Closing Rate in NY Market |
| |
|
| 3 months |
1.40 |
% |
| 6 months |
1.89 |
% |
| 12 months |
N/A |
% |
| 2 years |
2.48 |
% |
| 5 years |
3.26 |
% |
| 10 years |
3.98 |
% |
| 30 years |
4.60 |
% |
|
| |
|
| 1 month |
3.26 |
% |
| 3 months |
3.38 |
% |
| 6 months |
3.55 |
% |
|
| Oil : Brent |
SEP |
131.30
|
$/Barrel |
| Gold |
954.65 |
$/Ounce |
|
| |
| 1 months |
2.00 |
3.25 |
Satang |
| 2 months |
4.00 |
6.50 |
Satang |
| 3 months |
6.00 |
9.75 |
Satang |
| 6 months |
11.25 |
17.25 |
Satang |
|
| Dow Jones |
11446.66 |
+207.38 |
| FTSE |
5286.27 |
+135.65 |
| Nikkei |
12887.95 |
+133.39 |
| Hang seng |
21734.72 |
+559.95 |
| Singrapore |
2864.10 |
+28.78 |
| Taipei |
closed |
+closed |
|
| 1 month |
3.42 |
3.53 |
| 2 months |
3.60 |
3.69 |
| 3 months |
3.67 |
3.74 |
| 6 months |
3.99 |
4.05 |
| 1 year |
4.35 |
4.40 |
| 2 years |
4.90 |
4.95 |
| 3 years |
5.20 |
5.25 |
| 4 years |
5.50 |
5.55 |
| 5 years |
5.70 |
5.75 |
| 7 years |
5.85 |
5.92 |
| 10 years |
5.95 |
6.02 |
|
| |
|
| 1 year |
4.02 |
% |
| 2 years |
4.63 |
% |
| 3 years |
4.83 |
% |
| 5 years |
5.29 |
% |
| 7 years |
5.54 |
% |
| 10 years |
5.66 |
% |
| 12 years |
5.94 |
% |
| 14 years |
6.05 |
% |
|
|
