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Baht Extends Losses To Multi-Week Low

THB

Spot USD/THB keeps pushing higher, despite the absence of notable domestic headlines. The rate operates +0.127 at THB33.420 at typing, after printing its best levels since the last day of January.

  • A move through Jan 31 high of THB33.467 would encourage bulls to take aim at Jan 10 high of THB33.747. Bears need losses past Mar 10 low of THB33.000 before targeting Mar 3 low of THB32.417.
  • Domestic data docket offers little of note this week.

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