Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

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

Baht Fragile On BoT Inaction

THB

Spot USD/THB has climbed to fresh multi-year highs, encouraged by the Bank of Thailand's explicitly stated hands-off approach.

  • The central bank said it doesn't plan to hold an interim monetary policy meeting. The next rate review is slated for August 10.
  • Officials have earlier played down potential for aggressive tightening and signalled reluctance to intervene in FX markets.
  • Spot USD/THB last deals +0.105 at THB36.620. Bulls target Oct 2, 2015 high of THB36.665, while bears see initial support at THB35.882, the low print of Jul 11.
  • Looking ahead, Thailand's customs trade data will hit the wires next Friday.
94 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.

Spot USD/THB has climbed to fresh multi-year highs, encouraged by the Bank of Thailand's explicitly stated hands-off approach.

  • The central bank said it doesn't plan to hold an interim monetary policy meeting. The next rate review is slated for August 10.
  • Officials have earlier played down potential for aggressive tightening and signalled reluctance to intervene in FX markets.
  • Spot USD/THB last deals +0.105 at THB36.620. Bulls target Oct 2, 2015 high of THB36.665, while bears see initial support at THB35.882, the low print of Jul 11.
  • Looking ahead, Thailand's customs trade data will hit the wires next Friday.