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Baht Slips In Line With Regional Trend

THB

Spot USD/THB has firmed in line with regional trend, as higher U.S. Tsy yields and broader risk aversion generate demand for the greenback. The rate last changes hands +0.083 at THB34.428.

  • The next bullish target above is provided by May 3 high of THB34.522. A breach of that level would clear the way to May 11, 2017 high of THB34.815. Bears look for a pullback under May 5 low/round figure of THB34.018/34.000.
  • The University of the Thai Chamber of Commerce will publish the results of their latest consumer confidence survey on Tuesday.

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