Free Trial

DOLLAR-THB : USD/THB consolidates, stuck in a........>

DOLLAR-THB
DOLLAR-THB : USD/THB consolidates, stuck in a tight range around neutral levels.
The pair sits at THB31.54, almost unchanged on the day. A break above the Mar 3
high of THB31.64 would clear the way to the Feb 26 cycle peak at THB31.93. Bears
remain focused on the THB31.31/32 area, where the rate has appeared to be basing
recently. A break here would challenge hopes for a rebound and bring into play
the 38.2% retracement of the Deb 30 - Feb 26 rally at THB31.18.
- Thailand's government designated China (including Macau and Hong Kong), South
Korea, Italy and Iran danger areas and said it has made it mandatory for
travellers from those countries to self-quarantine for 14 days.
- BoT Asst Gov Titanun Mallikamas said that the Bank will publish its newest
economic forecasts on Mar 25, when the MPC meets to decide on rates.
- Thailand's weekly update on foreign reserves will conclude this week's
releases.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.