Poon said that investors are speculating the US economic data. The market expected the service sector will grow continuously.

Moreover, the market is waiting for the statement from the US Federal Reserve’s official after the Fed sent a signal to increase the policy interest rate faster than expected.

Poon said that the baht is likely to swing sideways while the Omicron situation and the dollar strengthening might pressure the baht to weaken.

However, foreign investors did not worry about the Omicron situation and continued to invest in Thai stocks this week. Foreign investors also bought 13 billion baht of short term bonds.