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Baht Slips

THB

Little to rock the boat in local headline flow, with spot USD/THB posting an upleg amid cautious mood music.

  • The rate sits +0.080 at THB33.060. Should it manage to pierce Jan 10 high of THB33.747, bulls could target Dec 22 high of THB33.835. Conversely, bears look for a fall through Jan 20 low of THB32.822, before taking aim at the 200-DMA, which kicks in at THB32.606.
  • PM Prayuth and a group of his ministers have left for Saudi Arabia, as Bangkok is looking to revive relations with the Gulf nation. Prayuth's trip is the first visit to Saudi Arabia by a Thai government official in 30 years.

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