Bangkok, Warning to shoppers and entrepreneurs. Cope with volatility The baht weakened in one month after the Fed cut interest rates later than expected. Put pressure on the price of gold in the world market to fall sharply. The baht value this morning hit its weakest level in 1 month at 35.50 baht per dollar. Compared to yesterday's market closing level (16 Jan.) at 35.37 baht per dollar. Kasikorn Bank Indicates that the baht is depreciating After the dollar continued to strengthen following the increase in US bond yields. That benefited from a statement from a US Federal Reserve official, or the Fed, that pointed out that the Fed should be careful in sending signals about interest rate cuts. and may not reduce interest rates as quickly as the market expects. The Fed may maintain interest rates at 5.25-5.50% at the meeting on March 19-20. For the baht movement framework today (17 Jan.), the preliminary estimate is at 35.30-35.60 baht per dollar. Important factors to follow include signals of foreign capit al. The direction of gold prices in the world market and China's 4Q23 GDP data announcement Krung Thai Bank Indicates that the baht is fluctuating and is somewhat weaker than estimated. and there is a risk of fluctuation and depreciation Mainly from external factors After market players relaxed their concerns over the Bank of Thailand's tendency to reduce interest rates. The baht is at risk of fluctuating and depreciating to the level of 36 baht per dollar. If it breaks through the important resistance level of 35.50 baht per dollar. Therefore, it is recommended that import-export operators You should use a variety of hedging tools, such as choosing to transact in local currency. with the baht depreciating causing the cost of importing raw materials to increase Therefore, the price of Thai gold today has not changed from yesterday. Although gold contracts on the world market The New York market closed sharply this morning. Gold bars in Thailand sold for 34,100 baht per baht, gold jewelry sold for 34,600 bah t per baht. Source: Thai News Agency