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Baht Struggles For Further Gains Ahead Of Local CPI Report

THB

Spot USD/THB trades -0.052 at THB37.500 ahead of the release of consumer inflation data, albeit losses are limited by the dissipation of greenback selling impetus. Bearish focus remains on the 50-DMA, which kicks in at THB36.543, while bulls set their sights on Sep 28 high of THB38.450.

  • Net daily equity flows reported by the Thailand Stock Exchange turned negative Tuesday, as offshore investors shed a net $35.08mn in local equities. The SET index bounced from cyclical lows, finishing the day 1.3% higher.
  • The latest batch of Thailand's CPI readings will hit the wires later today. Headline inflation is expected to have eased to +6.58% Y/Y in September from +7.86% prior, but the growth in core prices may have quickened at the margin to +3.20% Y/Y from +3.15%.
  • PM Prayuth will chair the postponed weekly Cabinet meeting today.
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Spot USD/THB trades -0.052 at THB37.500 ahead of the release of consumer inflation data, albeit losses are limited by the dissipation of greenback selling impetus. Bearish focus remains on the 50-DMA, which kicks in at THB36.543, while bulls set their sights on Sep 28 high of THB38.450.

  • Net daily equity flows reported by the Thailand Stock Exchange turned negative Tuesday, as offshore investors shed a net $35.08mn in local equities. The SET index bounced from cyclical lows, finishing the day 1.3% higher.
  • The latest batch of Thailand's CPI readings will hit the wires later today. Headline inflation is expected to have eased to +6.58% Y/Y in September from +7.86% prior, but the growth in core prices may have quickened at the margin to +3.20% Y/Y from +3.15%.
  • PM Prayuth will chair the postponed weekly Cabinet meeting today.