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DAILY MARKET OVERVIEW

FOREIGN EXCHANGE MARKET NEWS

February 7, 2012
Treasury Sector

THAI BAHT

THB Ref. rate on 6 February, 2012 was 30.9230.  THB started about 30.90 was followed by consolidation within 30.90-30.97 on Monday.  USD/THB lowed at 30.93 New York overnight.  USD/THB was on the slide under pressure by Greek uncertainty pushes down euro as deadline nears.  Could see USD/THB at 31.00 is next resistance.
The SET index closed down -4.94 or +0.45% at 1,094.01 points with total volume of 28.0 billion baht and foreign net buy of 2,210.14 million baht.
Today’s morning rate, Thai Baht traded at 30.91-30.97 level per dollar.
Support and resistant are seen 30.80 and 31.30 respectively.

OTHER CURRENCIES

The euro fell against the dollar on Monday as the failure of Greek coalition parties to approve terms of a new bailout package fanned fears a disorderly default could spread to other debt-ridden, euro zone countries.
Greece was already past the deadline for finalizing talks on a second financing package, and needed to move urgently.   A meeting of political leaders in Athens was postponed to Tuesday. Greece needs the funds by March to meet big debt repayments.
    The euro was last down 0.2 percent at $1.3116 after hitting a low of $1.3026 after stop-loss orders were tripped below $1.3050.  If the impasse in Greece persists, the euro could target $1.3026, the Feb. 1 trough, and more stop-loss orders were said to be below $1.3020.
    The dollar was down 0.1 percent at 76.48 yen, having earlier risen to 76.79 yen, its highest in over a week.
    The Australian dollar slipped after surprisingly soft Australian retail sales data kept alive expectations of an interest rate cut by the Australian central bank on Tuesday.   The Aussie was last down 0.5 percent to US$1.0720, off the six-month high of $1.0794 hit on Friday.

MONEY MARKET AND FIXED INCOME NEWS

 
Money Market
February 6, 12
 
Rate
Volume
(Million THB)
Inter-bank Market
O/N
 
2.80-3.01%
 

66,124

Money Market
February 7, 12
Bilateral Repo
Rate
Volume
(Million THB)
1-Day
7-Day
14-Day
3.0000%
3.0000%
3.0000%
523,000
22,700
6,600
 

FIXED INCOME

Thai bond market total trading value yesterday was THB 740,961 million

Composition of Trading Value (THB Million)

Outright

60,490

Financing & Others

680,471

 

Composition of Outright Trading Value (THB mln.)

Total
Value
(THB Million)
Debt Securities
Government Bond
Treasury Bill
State Agency Bond
State
Enterprise Bond
Corporate Bond
Commercial Paper
Foreign Bond

60,490

15,661

-

41,892

1,586

1,074

277

-

 

 
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