Baht Weakens In Line With Regional Trend, Leaders Arrive For APEC Summit
Spot USD/THB trades +0.195 at THB35.885 as the ADXY index has shed ~0.3% amid broader weakness in the Asia EM FX space. From a technical viewpoint, bulls look for gains towards the 100-DMA, which intersects at THB36.671. On the downside, focus falls on THB35.530, which limited losses on Nov 15.
- Foreign investors were net sellers of $38.37mn in Thai stocks Wednesday, marking the third consecutive day of net outflows. The SET index fell 0.58%, while holding a familiar range.
- APEC leaders are touching down in Bangkok to begin their summit. Elsewhere, the Bank of Thailand will publish its weekly update on foreign reserves Friday.