Spot USD/THB trades -0.110 at THB36.880 at typing, with the BBDXY still slightly on the back foot. Bears need to see a break below the 50-DMA (THB36.261) before looking for a deeper sell-off. Conversely, a rebound above Sep 16 high of THB37.115 would bring Sep 19, 2006 high of THB37.951 into view.
- Thailand extended its streak of daily equity outflows began on Sep 13 as foreign investors shed a net $17.3mn in local stocks on Monday. The SET index oscillated near its two-week lows.
- Gov't spokesman said that tourism is recovering to pre-pandemic levels, with the authorities targeting at least 10mn foreign arrivals by the end of the year. The Tourism Authority of Thailand echoed this forecast, but warned that visitors' spending may be lower than expected.
- Dep PM Prawit chairs a weekly Cabinet meeting today. Looking further afield, Thailand's customs trade data will hit the wires Thursday.