Thai baht moving in the framework Investors keep an eye on China-US trade negotiations, Oct. 10-11 – nations

Foreign Currency Trading Department Bangkok Bank Reported that the movement of the currency exchange market on Wednesday 8 October 2019, open market funds this morning (8/10) at the level of 30.47 / 48 baht / US dollar. Unchanged from the close of the market on Monday (7/10) at 30.45 / 46 baht / US dollar The market is keeping an eye on the China-US trade negotiation meeting, with US and Chinese ministerial officials today. Started a new round of negotiations To pave the way for trade negotiations at the ministerial level That will be held this Thursday By about 30 Chinese trade negotiations led by Mr Liao Ming, Deputy Minister of Finance of China. Traveled to the US Trade Representative's Office (USTR) today to negotiate for 2 days with the issue of technology transfer intellectual property Setting up a non-tax trade wall Including agricultural issues During the day, the Thai baht moved within the range of 30.39-30.48 baht / US dollar. Before closing the market at the level of 30.40 / 41 baht / US dollar

For today's euro movement (8/10) the euro opened at 1.0970 / 72 US dollars / euro. Depreciated from Monday's close (7/10) at 1.0976 / 78 USD / Euro. Ministry of Economy of Germany Revealed that factory orders in August contracted 0.6% from the previous month. Worse than analysts had predicted to drop by 0.3%, the report said the cause of the contraction was due to a sharp fall in demand for capital goods. Reflecting the economic slowdown of Germany as the country with the largest economy in Europe During the day, the euro moved within the framework of 1.0966-1.0992 US Dollar / Euro And closing the market at the level of 1.0982 / 84 USD / Euro

For today's yen movement (8/10) opened at 107.38 / 40 yen / US dollar. Depreciated from Monday's close (7/10) at 106.80 / 82 yen / US dollar. Signaling a compromise signal between China and the United States. Helps reduce investor worries about trade war conditions. As well as increasing the expectation that an agreement can be reached on the negotiating table between the two countries, causing investors to increase their holdings of risky assets. And reduce the holding of the yen as a safe asset The yen is moving within the framework between 107.10-107.44 Yen / US Dollar And closed at 107.11 / 13 yen / US dollar.

The main economic indicators of the US this week are the Producer Price Index (PPI) in September (8/10), the wholesale inventories of the stock market in August (9/10), the MPC. The Federal Reserve released the minutes of 17-18 September (9/10), weekly jobless claims (10/10), September inflation (10/10), import prices And exported in September (11/10), consumer confidence in October from Maha Wittaya Michigan University (11/10)

For the 1-month early morning swap rate in the country is -1.20 / -1.00 satang / US dollar. And the 1-month foreign hedging rate is -1.00 / 0.00 satang / US dollar