Free Trial

Baht Little Changed, Economic Docket Light

THB

Spot USD/THB trades -0.010 at THB36.603, near recent cyclical highs. A firm pullback towards Jul 11 low of THB35.882 would bring the 50-DMA at THB35.113 into view. Should we see a rebound above Jul 15 high of THB36.735, bulls would take aim at the THB37.000 figure.

  • The local economic docket is thin today. BoT Gov Sethaput will present money and banking awards this morning, while the Federation of Thai Industries will publish its Industrial Confidence Index.
  • On the data front, focus turns to Thailand's customs trade report, due Friday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.