Free Trial
AUDNZD

Consolidating Gains Above 200-Day EMA

US TSYS

Marginally Cheaper

THB

Baht Outperformance Trend Stalls

BOJ

Correct: 3-Month Bill Auction Results

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Continued Equity Inflows Support Baht

THB

Spot USD/THB trades -0.062 at THB37.755 as greenback weakness returns. The baht has been the second best performer in emerging Asia this week, narrowly lagging the South Korean won. From a technical perspective, bears look for a dip through the Oct 6 low/50-DMA at THB37.125/THB37.113. Bulls take aim at Oct 20 cycle high of 38.465.

  • Foreign investors were net buyers of $65.11mn in Thai stocks Thursday, representing a fifth consecutive day of inflows amid renewed offshore demand. The SET index charted a bullish outside candlestick, printing a new monthly high in the process.
  • The BoT will publish the weekly update on foreign reserves today. The stack of foreign reserves shrank in the week through Oct 14 to the lowest level since early Sep 2017.
  • Elsewhere, the Finance Ministry will release revised 2022 and 2023 economic growth forecasts at 11am local time.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.