DOLLAR-THB : After printing a fresh three-month......>

DOLLAR-THB : After printing a fresh three-month high at THB30.50 earlier in the

session, USD/THB last trades +7 pips at THB30.44. There were no immediate

headline/data catalysts behind the move, which indicates it may have been a

short squeeze. BBG cited an analyst suggesting that a planned sale of Tesco's

operations in Thailand may have encouraged investors to "use it as an excuse to

take profit from their positions" in the anticipation of "a sizeable outflow."

- A push through THB30.50 would give bulls the green light for targeting the Oct

1 high of THB30.69. On the flip side, bears need to see a retreat through the

100-DMA at THB30.35 before focusing on THB30.16, the low of Jan 13.

- Thailand issues its weekly update on foreign reserves today.