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Baht Finds Poise, Thailand's Consumer Confidence Pops Higher

THB

Spot USD/THB has lost ground this morning, trimming its weekly advance, as the greenback remains fragile after its decline overnight. The pair last changes hands -0.180 at THB35.965.

  • From a technical point of view, bears look for losses towards THB34.960, which cushioned losses on Jun 29. On the flip side, gains past yesterday's high of THB36.340 would shift focus to Jan 18, 2016 high of THB36.382.
  • Thailand's consumer confidence rose index to 41.6 in June from 40.2 recorded in May, marking the first increase in six months.
  • The nation's COVID-19 task force meets today to decide whether to declare the disease endemic.
  • Outside of the regular update on foreign reserves, Thailand's data docket is virtually empty today.
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Spot USD/THB has lost ground this morning, trimming its weekly advance, as the greenback remains fragile after its decline overnight. The pair last changes hands -0.180 at THB35.965.

  • From a technical point of view, bears look for losses towards THB34.960, which cushioned losses on Jun 29. On the flip side, gains past yesterday's high of THB36.340 would shift focus to Jan 18, 2016 high of THB36.382.
  • Thailand's consumer confidence rose index to 41.6 in June from 40.2 recorded in May, marking the first increase in six months.
  • The nation's COVID-19 task force meets today to decide whether to declare the disease endemic.
  • Outside of the regular update on foreign reserves, Thailand's data docket is virtually empty today.