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US TSY FUTURES

TUZ1 Given

NEW ZEALAND

ANZ Hikes Mortgage & Depo Rates

JGBS

Futures Tight In the Tokyo Morning

KRW

South Korea's Exports Prove Resilient

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Spot USD/THB has extended gains this morning, despite a further easing in Thailand's Covid-19 case count, and last trades +0.040 at THB33.383. The baht remains the worst performer in Asia this week.

  • Bulls set their sights on THB33.500, a key layer of resistance which capped gains in August. Conversely, bears look for a pullback under the 50-DMA at THB32.928 towards Sep 15 low of THB32.850.
  • FinMin Arkhom announced Monday that Thailand will raise its cap on debt-to-GDP ratio to 70% from 60%, without outlining any specific timeframe for implementing the reform.
  • Thailand declared 10,919 new Covid-19 cases today, the smallest daily case count since Jul 17.
  • PM Prayuth chairs the weekly Cabinet meeting today. Looking further afield, Thailand's Customs Department will publish their latest trade report on Thursday.