Free Trial

Baht Rangebound, Covid Matters In Focus

THB

Spot USD/THB operates roughly where it wrapped up yesterday, last at THB31.148. A fall through Jun 2 low of THB31.130 would encourage bears to take aim at May 10 low of THB31.048. Conversely, a rally above the 50-DMA/Jun 4 high at THB31.268/31.275 would shift focus to May 25 high of THB31.375.

  • As a quick recap, Thailand's Tourism Min Phiphat said Wednesday that the gov't expects 20mn foreign visitors in 2022, whose arrival would generate THB1.5tn in receipts.
  • Dep PM Anutin said that the gov't will seek more Covid-19 vaccine supplies for Bangkok to meet rising demand for the jabs.
  • Thailand's consumer confidence survey from the University of the Thai Chamber of Commerce is due today. Headline index fell to the lowest point since 1999 in April.

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.