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Baht Holds Tight Range

THB

Spot USD/THB deals -0.025 at THB33.590, holding a narrow range in early trade. Bears need a retreat past Mar 31 low/100-DMA at THB33.195/33.191 to have the upper hand. Bulls look for an upswing above Mar 28 high of THB33.802.

  • The latest Nida Poll showed that Chadchart Sittipunt, a former Pheu Thai heavyweight, remains the leading candidate in the upcoming Bangkok gubernatorial election, by a comfortable margin.
  • The Thai economic docket lacks any notable data releases this week.

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