| FX Market Outlook |
On Friday, the Thai baht opened at 34.14/16 THB/USD, weaker than yesterday's closing level of 34.09/11 THB/USD. The dollar rebounded from a recent drop earlier after release of U.S. non-farm payroll data and the U.S. unemployment rate. U.S. non-farm payrolls in June decreased by 467,000 persons compared with the reduction of 345,000 persons in May, while the U.S. unemployment rate in June was 9.5%, up by 0.1% from 9.4% measured in May. The dire picture of the U.S. labor market stirred up fears about the global economic recession, thereby boosting investors' risk aversion. The yen, which was seen as a safe haven currency, also gained from rising investors' risk aversion. The yen opened at 95.78/83 JPY/USD, stronger than yesterday's closing level of 96.57/61 JPY/USD. The euro opened at 1.3960/63 USD/EUR, weaker than yesterday's closing level of 1.4079/82 USD/EUR. The euro depreciated against the dollar after the ECB's Jean-Claude Trichet commented that activities in the euro zone for the rest of the year would remain weak. However, the European Central Bank still left its refinancing rate on hold at 1.00% after the meeting yesterday. At 9:00 a.m., the Thai baht was trading at 34.12/14 THB/USD.
|
| THB Bonds Market Outlook |
On Jul 2, total trading values increased by 37% to 582 THB bln. Outright transactions accounted for 20% of total trading, amounting to 119 THB bln, 235% higher from the previous day. At the auction, CB09721A gained 1.01-1.025% at an average of 1.01755% with total bids equal to 1.22 times supply. TB09805C gained 1.02-1.045% at an average of 1.03758% with total bids equal to 3.82 times supply. TB09O07B gained 1.138-1.144% at an average of 1.14142% with total bids equal to 3.82 times supply. TB10106A gained 1.24-1.27% at an average of 1.25285% with total bids equal to 4.93 times supply. At the end of the day, government bond yields for all tenors were down by 8 to 18 bps, except 1 yr government bond yield which remained flat.
|
 |
| JPY/USD |
95.93/97 |
95.82/84 |
| EUR/USD |
1.3929/36 |
1.3960/65 |
| GBP/USD |
1.6327/33 |
1.6344/50 |
| CHF/USD |
1.0885/93 |
1.0870/76 |
| SGD/USD |
////// |
1.4512/23 |
| HKD/USD |
////// |
7.7500/05 |
| AUD/USD |
0.7905/10 |
0.7963/68 |
|
| 1 month (%) |
0.3044 |
0.7025 |
0.2313 |
0.1917 |
| 2 months (%) |
0.4069 |
0.8738 |
0.3500 |
0.2917 |
| 3 months (%) |
0.5775 |
1.0600 |
0.4525 |
0.3950 |
| 6 months (%) |
1.0788 |
1.2900 |
0.6988 |
0.5067 |
| 12 months (%) |
1.5763 |
1.4800 |
0.8650 |
0.8033 |
|
| US 10 years |
2.90 |
|
| Thai Yankee 2007 |
N/A |
N/A |
| JGB 10 years |
1.33 |
- |
| Thai Gov't 10 years |
3.66 |
- |
|
|
|
| THB / USD |
34.062 |
|
| Change |
+0.038 |
Baht |
|
| More » |
| Fixed : |
3 months |
0.75 |
% |
| |
6 months * |
1.00 |
% |
| |
12 months * |
1.00 |
% |
| |
24 months |
1.25 |
% |
| Saving A/C |
0.50 |
% |
|
| * Less than 3 million Bt. |
| More » |
| MOR |
6.125 |
% |
| MLR |
5.875 |
% |
| MRR |
6.375 |
% |
|
| Prime Rate |
3.25 |
% |
| Fed Fund Rate* |
0-0.25 |
% |
|
| * Closing Rate in NY Market |
| |
|
| 3 months |
0.16 |
% |
| 6 months |
0.30 |
% |
| 12 months |
N/A |
% |
| 2 years |
0.99 |
% |
| 5 years |
2.43 |
% |
| 10 years |
3.50 |
% |
| 30 years |
4.33 |
% |
|
| |
|
| 1 month |
1.07 |
% |
| 3 months |
1.16 |
% |
| 6 months |
1.27 |
% |
|
| Oil : Brent |
AUG |
66.73
|
$/Barrel |
| Gold |
932.80 |
$/Ounce |
|
| |
| 1 months |
1.50 |
3.50 |
Satang |
| 2 months |
2.50 |
5.50 |
Satang |
| 3 months |
3.50 |
7.50 |
Satang |
| 6 months |
5.00 |
10.50 |
Satang |
|
| Dow Jones |
8280.74 |
-223.32 |
| FTSE |
4234.27 |
-106.44 |
| Nikkei |
9876.15 |
-63.78 |
| Hang seng |
18178.05 |
-200.68 |
| Singrapore |
2320.82 |
-31.73 |
| Taipei |
586.42 |
-11.06 |
|
| 1 month |
0.94 |
1.01 |
| 2 months |
0.99 |
1.01 |
| 3 months |
1.11 |
1.14 |
| 6 months |
1.51 |
1.54 |
| 1 year |
1.70 |
1.80 |
| 2 years |
2.40 |
2.50 |
| 3 years |
2.95 |
3.05 |
| 4 years |
3.25 |
3.35 |
| 5 years |
3.55 |
3.65 |
| 7 years |
3.85 |
3.95 |
| 10 years |
4.15 |
4.25 |
|
| |
|
| 1 year |
1.47 |
% |
| 2 years |
1.96 |
% |
| 3 years |
2.53 |
% |
| 5 years |
2.97 |
% |
| 7 years |
3.38 |
% |
| 10 years |
3.66 |
% |
| 12 years |
4.14 |
% |
| 14 years |
4.33 |
% |
|
|
