baht to trade in the range of 33.60-33.90 baht per US dollar next week

BANGKOK, 19 September 2009 (NNT) – Kasikorn Research Center (KResearch) forecasts baht to move in the range of 33.60-33.90 baht per US dollar next week.

KResearch said that the factors, which should be monitored next week, included the political factors such as the rally of the United Front for Democracy against Dictatorship (UDD) and the direction of the currencies and stock markets in the region, including the Central Bank, which might stabilize the baht.

The US dollar direction might depend on the important economic figure reports such as the economic indicator index of the Conference Board and the durable goods purchasing order, second hand houses and new houses in August, including the consumer confidence index.
Investors should monitor the monetary policy committee meeting of the US during September 22-23 and the G20 meeting, which will be held on September 24-25.