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Baht Eyes December Trade Report


Spot USD/THB has added 3 pips and changes hands at THB29.96 at typing. A rally above the 50-DMA & Jan 18 high at THB30.13 would give bulls a green light for targeting Jan 12 high of THB30.19. On the downside, a break under Jan 4 & 5 lows of THB29.84 would draw attention to Dec 18, 2020 low of THB29.76.

  • On Thursday, Bangkok Metropolitan Administration resolved to relax restrictions on some businesses after new Covid-19 infections in the area followed a declining trend.
  • Thai authorities gave a nod to the Oxford/AstraZeneca Covid-19 jab, making it the first domestically approved vaccine against the coronavirus.
  • Thailand's Centre for Covid-19 Situation Administration holds a regular briefing at 11:30am local time.
  • Thailand's Customs Office will release trade data for December today.
  • Next week, focus moves to M'fing Production Index (Wednesday) as well as BoP current a/c balance & BoT trade data (Friday).

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