November 16, 2022 02:55 GMT
Baht Slips After Second Day Of Equity Outflows
THB
Spot USD/THB trades +0.085 at THB35.675, with bulls looking for further gains towards the 100-DMA, which kicks in at THB36.665. Bears set their sights on the 200-DMA, which intersects at THB35.145.
- Foreign investors sold a net $12.31mn in Thai stocks Tuesday, which represented the second consecutive daily outflow. The SET index added 0.37% through the day, holding a familiar range.
- The Cabinet extended an excise tax cut applied to diesel prices by two months to reduce the burden from the rising cost of living.
- FinMin Arkhom and BoT Asst Gov Piti speak today.
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