DAILY MARKET OVERVIEW FOREIGN EXCHANGE MARKET NEWS July 30, 2010 Treasury Sector

THAI BAHT

THB Ref. rate on 28 July, 2010 was 32.2410.  USD held steady against THB above 32.25 yesterday. Month end demands and local bids lifted the pair up to 32.27 high. It ended at 32.265
in Far East. Broad based sell-off in the dollars overnight pulled the USD/THB back lower to 32.23 low, where it ended. Slew of month end data due from Thailand later the day. Customs based data showed exports rose 46.3%y/y in June to a record $18.04 bln, apparently unaffected from the turmoil in Eurozone.
The SET index closed up +0.81 or +0.09% at 854.59 points with total volume of 27.6 billion baht and foreign net buy of 407.66 million baht.
Today’s morning rate, Thai Baht traded around 32.24-29 per dollar.
Support and resistant are seen 32.20 and 32.40 respectively.

OTHER CURRENCIES
The euro rallied above $1.3100 to a 12-week high against a broadly weaker dollar on Thursday as supportive European data prompted investors to bet the European economy is on a better track compared with the United States. The euro's advance started early in the global session after a jump in euro-zone economic sentiment to a 28-month high and a decline in German unemployment.
This contrasted with recent weak data from the United States that has weighed broadly on the dollar. Investors are mindful of figures on Friday expected to show slower second- quarter growth in the world's largest economy.
The lackluster U.S. data has reinforced the view benchmark interest rates will remain at record lows in the United States well into 2011, while euro-denominated assets still offer higher returns to investors.
Traders cited demand for euros from an Asian central bank in early European trade and they also welcomed news that the Italian government's 25-billion-euro ($32.54 billion) package of austerity measures cleared a final hurdle. The package is intended to shore up Italy's public finances.   The euro was up 0.7 percent at $1.3077 and the dollar fell 0.6 percent against the yen to 86.85 yen.

FOREIGN EXCHANGE MARKET NEWS

Market Highlight

Friday 30-07-10	Monday 02-08-10	Tuesday 03-08-10	Wednesday 04-08-10
US – GDP	US – Construct Spending	US – Personal Income US – Factory Orders US – Durable Goods US – Pending Home	US – Mortgage Ind. US – Refinancing Index

	USD/THB	USD/JPY	EUR/USD	GBP/USD
Last	32.26/27	86.45/50	1.3064/67	1.5606/12
High	32.27	86.93	1.3085	1.5616
Low	32.25	86.48	1.3048	1.5599

MONEY MARKET AND FIXED INCOME NEWS

FIXED INCOME

Thai bond market total trading value yesterday was THB 592,353 Million.

Composition of Trading Value (THB Million)
Outright	78,416.56
Financing & Others	513,969