© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
NATURAL GAS

Germany Opposed to Nord Stream 2 Use

US TSY FUTURES

BLOCK, 10Y Buy

OPTIONS

Larger FX Option Pipeline

STIR

Effective Fed Funds Rate

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Baht Draws Some Light Support From BoT Comments

THB
BulletEM BulletEmerging Markets

An anaemic recovery attempt in spot USD/THB has been capped by comments from the BoT's quarterly analyst meeting, which stressed the need for timely adjustment of monetary policy to anchor inflation expectations.

  • The central bank said it still sees inflation expectations anchored within the target range in the medium term, but short-term expectations are rising, as are upside risks for inflation.
  • Subsequent remarks reinforced the Bank's recent pivot towards stimulus withdrawal, as the MPC pledged to focus on preventing the economy from overheating, noting that it can hold an interim meeting if needed (not a base case scenario at this point).
  • The BoT said that the baht may strengthen in the medium term as economic recovery gains traction.
  • Spot USD/THB last deals -0.045 at THB35.438, familiar technical picture remains in play.
127 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

An anaemic recovery attempt in spot USD/THB has been capped by comments from the BoT's quarterly analyst meeting, which stressed the need for timely adjustment of monetary policy to anchor inflation expectations.

  • The central bank said it still sees inflation expectations anchored within the target range in the medium term, but short-term expectations are rising, as are upside risks for inflation.
  • Subsequent remarks reinforced the Bank's recent pivot towards stimulus withdrawal, as the MPC pledged to focus on preventing the economy from overheating, noting that it can hold an interim meeting if needed (not a base case scenario at this point).
  • The BoT said that the baht may strengthen in the medium term as economic recovery gains traction.
  • Spot USD/THB last deals -0.045 at THB35.438, familiar technical picture remains in play.