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Baht Gains Steam Along Most Regional Peers

THB

Spot USD/THB changes hands -0.105 at THB33.525 as we type, as the baht gains along most of its regional peers. Bears look for a deeper sell-off past Jan 5 low/channel floor at THB33.160/33.125. Conversely, should the rate pierce channel top at THB33.736, bulls could take aim at Dec 22 high of THB33.835.

  • Thailand's Covid-19 task force warned that daily cases could reach 20,000 by the end of the month unless the authorities take precautionary measures.
  • BoT Gov Sethaput holds a virtual briefing today, he will answer questions from the media. Elsewhere, PM Prayuth chairs the weekly Cabinet meeting.
  • The University of the Thai Chamber of Commerce will publish their consumer confidence gauge on Thursday.

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