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Bangkok Starts Registration For Covid-19 Jabs

THB

USD/THB trades at YHB31.292, virtually unchanged as we type. Bulls see May 18 high of THB31.510 as their initial target and a break here would expose Apr 12 high of THB31.575. Conversely, losses past the 50-DMA at THB31.203 would clear the way to May 10 low of THB31.048.

  • The Bangkok Post cited an expert with Thailand's Fiscal Policy Office, who voiced concern over a potential widening of the gap in GDP inputs of tourism-dependent vs. agriculture-reliant provinces in the post-pandemic era. The economy of tourism-reliant regions are expected to recover sharply when Thailand reopens.
  • Bangkok has launched registration for Covid-19 vaccinations Thursday, with the mass rollout of jabs due to start next month.
  • Thai Finance Ministry holds a briefing on April fiscal conditions. Elsewhere, the Central Bankruptcy Court will consider Thai Air's creditor approval for debt restructuring plan.
  • The BoT are set to release their weekly update on foreign reserves today. Next week brings the release of Thailand's m'fing production index, trade balance & BoP current account balance (Monday), Markit M'fing PMI & Business Sentiment Index (Tuesday) as well as CPI data (Friday).
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