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Business Leaders Assess Fallout From Russo-Ukrainian War, Customs Dept To Release Trade Data

THB

Spot USD/THB firmed at the re-open but has trimmed the bulk of initial gains since. It last operates +0.075 at THB32.675, with bulls looking to renewed gains past the 200-DMA at THB32.787 towards Jan 20 low of THB32.822. Bears need a dip through Feb 18 low of THB32.088 to see a resumption of the earlier downtrend.

  • The Bangkok Post reported that Thailand intends to maintain its neutrality with regard to the Russo-Ukrainian war. The Cabinet discussed the matter on Tuesday after 25 foreign ambassadors called on Bangkok to condemn Russia.
  • Meanwhile, Thailand's business leaders are set to review their outlook for the country's 2022 growth today, during a meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).
  • The Customs Department is expected to publish January trade data later today, with monthly CPI report coming up Friday.
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