Thailand’s SET Index closed at 1,106.73 points, decreased 0.96 points or 0.09% with a trading value of THB 42.11 billion. The analyst stated that the Thai market declined a few hours before the closing and settled in negative territory due to selling pressure from DELTA and a lack of new supporting factors.
Meanwhile, the U.S. Federal Reserve chairman still maintains a cautious approach to rate adjustment.
The analyst expects the Thai market to move sideways or sideways-down tomorrow, recommending investors closely monitor 1Q25 GDP figures from the U.S.
While President Donald Trump’s tariff plans created uncertainty over the U.S. market, the foreign direct investment (FDI) into the nation also fell as its value dropped from $79.9 billion in 4Q24 to $52.8 billion in 1Q25.
During the NATO summit, Trump stated the U.S. will talk with Iran next week, with a goal of never letting the Middle East nation rebuild its nuclear weapons development ever again.
The US Dollar Index (DXY) has tumbled to its lowest point since February 2022, registering at 97.48 as of the latest trading session. This newly set low underscores a significant year-to-date drop of 10.1%, highlighting a pronounced weakening of the dollar against a basket of six leading currencies.
