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Baht Tad Weaker Despite Friday's Return To Net Equity Inflows

THB

Spot USD/THB changes hands +0.088 at THB36.398, holding a relatively narrow range so far. Topside technical focus falls on Sep 2 high of THB36.845 and a break here would open up Jul 21 high of THB36.945. Bears keep an eye on the 50-DMA, which kicks in at THB36.125.

  • Offshore investors bought a net $35.7mn in Thai equities last Friday, marking the first net daily inflow this month. The SET index rallied to its highest point since Jun 1.
  • Headwinds for the ruling coalition are growing with the latest opinion poll suggesting that around 64% of voters hold negative views on acting Prime Minister Prawit's performance in his current capacity (see our earlier bullet for more details).
  • Local data highlights this week include consumer confidence (Tuesday) and the weekly update on foreign reserves (Friday).
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Spot USD/THB changes hands +0.088 at THB36.398, holding a relatively narrow range so far. Topside technical focus falls on Sep 2 high of THB36.845 and a break here would open up Jul 21 high of THB36.945. Bears keep an eye on the 50-DMA, which kicks in at THB36.125.

  • Offshore investors bought a net $35.7mn in Thai equities last Friday, marking the first net daily inflow this month. The SET index rallied to its highest point since Jun 1.
  • Headwinds for the ruling coalition are growing with the latest opinion poll suggesting that around 64% of voters hold negative views on acting Prime Minister Prawit's performance in his current capacity (see our earlier bullet for more details).
  • Local data highlights this week include consumer confidence (Tuesday) and the weekly update on foreign reserves (Friday).