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DOLLAR-THB : USD/THB has been moved by swings in.....>

DOLLAR-THB
DOLLAR-THB : USD/THB has been moved by swings in broader risk appetite, as
participants digested comments from White House advisor Navarro re: U.S.-China
trade matters. The spot last sits -2 pips at THB31.00.
- A sell-off past Jun 11 low of THB30.83 is needed to reinstate bearish
momentum. Conversely, a break above the 200-DMA at THB31.11 would shift focus to
Jun 17 high of THB31.24.
- Eyes move to the monetary policy decision from the BoT, due tomorrow. 22 out
of 26 economists surveyed by BBG expect policymakers to leave the main policy
rate unchanged at 0.50%.
- Worth flagging that the BoT is looking for a new Governor, as the current
central bank chief Veerathai Santiprabhob decided to vacate the office after his
term expires at the end of Sep. FinMin Uttama will receive a shortlist of
candidates by Jul 2.
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