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Baht Loses Shine As Enthusiasm About "Test & Go" Resumption Fades Away

THB

Spot USD/THB has extended its rebound from yesterday's two-month low this morning, in the wake of Tuesday's upswing in the DXY. The rate sits +0.045 at THB33.175, with bulls keeping an eye on Jan 10 high of THB33.747, followed by Dec 22 high of THB33.835. Conversely, losses past Jan 18 low of THB32.898 would bring the 200-DMA/Nov 18 low at THB32.567/32.565 into view.

  • The government has provided more information on the planned resumption of the "Test & Go" tourism scheme, which removes the quarantine requirement for fully vaccinated travellers. Tourism Min Phiphat revealed that the proposal will be discussed by the national Covid-19 task force on Thursday and might take effect in February, helping to attract at least 8mn foreign visitors this year.

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