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Baht Hits 10-Week High, BoT Gov Calls For Restructuring Domestic Economy

THB

Spot USD/THB went offered in the wake of overnight greenback sales and last operates -0.082 at THB32.633. The rate bottomed out at a new 10-week low earlier in the session and bears look for further losses past Aug 31 low of THB32.215. On the flip side, a rally above Nov 11 high/100-DMA at THB32.991/32.967 would draw attention to Oct 18 high of THB33.488.

  • BoT Gov Sethaput delivered a speech on "Thailand Beyond Covid-19," calling for a restructuring of the Thai economy, as the tourism sector will take time to normalise. Sethaput suggested that the BoT could act as a facilitator, helping ease rules for businesses.
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