| FX Market Outlook |
On Friday, the USD/THB opened at 34.50/52, weaker than Thursday's closing level of 34.42/44 investors continue their concern about Thailand's political crisis. The dollar against the euro was traded at $1.4270, its lowest since November 2007. Euro zone finance ministers Jean-Claude Juncker said the zone's single currency was still effectively overvalued despite its recent fall. Moreover, ECB president Jean-Claude Trichet said the Euro zone economic uncertainty was "particularly high", with ECB deciding to hold its benchmark lending rate at 4.25%. Even the U.S. dollar, strong against most other currencies, dropped 1.1 % against the yen to trade at 106.01, as investors bailed out of more leveraged carry trades, positions funded by borrowing the yen at low rates to buy higher yielding currencies and commodities. Further to the Bank of England's decision to leave interest rates unchanged at 5.0 %, the sterling traded at $1.7589 from yesterday's closing level of 1.7805. Although investors expect that Bank of England will cut rates in later this year. At 8.50 a.m., the baht was trading at 34.56/58.
|
| THB Bonds Market Outlook |
On September 4, total trading values increased by 30% to THB 196 bln. Outright transactions accounted for 16% of total trading, amounting to THB 31 bln, 1% lower than the previous day. At the auction, EGAT139B, EGAT169B, EGAT189A and MEA239A gained 4.58%, 4.74%, 5.10% and 5.25% while the winner were KBANK&GSB, SCBT, BBL and SCB. The market overall was very active especially LB133A. At the end of the day, 1 - 5 yr government bond yields were up by 1 to 3 bps, 6 - 14 year government bond yields were up by 5 to 6 bps, the 11 year government bond was up by 1 bps, longer than 15 yr government bonds yileds were up by 1 to 2 bps.
|
 |
| JPY/USD |
106.57/62 |
106.53/58 |
| EUR/USD |
1.4238/42 |
1.4258/63 |
| GBP/USD |
1.7582/87 |
1.7594/04 |
| CHF/USD |
1.1140/46 |
1.1112/17 |
| SGD/USD |
/ |
1.4384/95 |
| HKD/USD |
/ |
7.8069/77 |
| AUD/USD |
0.8156/61 |
0.8152/56 |
|
| 1 month (%) |
2.4869 |
4.5125 |
0.7000 |
2.2500 |
| 2 months (%) |
2.6844 |
4.7569 |
0.8013 |
2.5250 |
| 3 months (%) |
2.8150 |
4.9563 |
0.8925 |
2.7375 |
| 6 months (%) |
3.1131 |
5.1638 |
0.9713 |
2.8800 |
| 12 months (%) |
3.1813 |
5.3275 |
1.1550 |
3.1650 |
|
| US 10 years |
3.67 |
|
| Thai Yankee 2007 |
N/A |
N/A |
| JGB 10 years |
1.46 |
- |
| Thai Gov't 10 years |
4.60 |
- |
|
|
|
| THB / USD |
34.416 |
|
| Change |
-0.019 |
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 |
1.69 |
% |
| 6 months |
1.89 |
% |
| 12 months |
N/A |
% |
| 2 years |
2.16 |
% |
| 5 years |
2.83 |
% |
| 10 years |
3.60 |
% |
| 30 years |
4.25 |
% |
|
| |
|
| 1 month |
3.73 |
% |
| 3 months |
3.75 |
% |
| 6 months |
3.78 |
% |
|
| Oil : Brent |
OCT |
105.96
|
$/Barrel |
| Gold |
793.65 |
$/Ounce |
|
| |
| 1 months |
2.00 |
3.50 |
Satang |
| 2 months |
4.00 |
6.50 |
Satang |
| 3 months |
5.00 |
8.50 |
Satang |
| 6 months |
8.00 |
13.75 |
Satang |
|
| Dow Jones |
11188.23 |
-344.65 |
| FTSE |
5362.06 |
-137.62 |
| Nikkei |
12557.66 |
-131.93 |
| Hang seng |
20389.48 |
-195.64 |
| Singrapore |
2626.05 |
-80.48 |
| Taipei |
654.85 |
+4.92 |
|
| 1 month |
3.58 |
3.79 |
| 2 months |
3.65 |
3.72 |
| 3 months |
3.65 |
3.71 |
| 6 months |
3.73 |
3.79 |
| 1 year |
3.80 |
3.90 |
| 2 years |
4.05 |
4.15 |
| 3 years |
4.25 |
4.35 |
| 4 years |
4.40 |
4.50 |
| 5 years |
4.65 |
4.75 |
| 7 years |
4.79 |
4.89 |
| 10 years |
4.89 |
4.99 |
|
| |
|
| 1 year |
3.81 |
% |
| 2 years |
4.00 |
% |
| 3 years |
4.12 |
% |
| 5 years |
4.38 |
% |
| 7 years |
4.51 |
% |
| 10 years |
4.60 |
% |
| 12 years |
4.80 |
% |
| 14 years |
4.95 |
% |
|
|
