DOLLAR-THB : USD/THB has inched higher, taking out...>

DOLLAR-THB : USD/THB has inched higher, taking out Friday's best levels in the

process. The rate last sits +6 pips at THB31.78, off an earlier high of

THB31.80. USD/THB is nearing its 100-DMA, which intersects at THB31.88, and a

break here would open up May 25 high, located at the round figure of THB32.00.

Bears look for a retreat under the 50-DMA at THB31.47, which would bring the

200-DMA at THB31.17 into view.

- BoT Gov Veerathai said that the country's vital tourism sector will take some

time to return to pre-Covid levels. Veerathai compared Thailand's expected

recovery path to a "check mark with a long tail".

- Participants will closely watch Thailand's cabinet re-shuffle, following the

resignation of FinMin Uttama & Dep PM for Econ Matters Somkid. The new FinMin

will play a key role in the appointment of Veerathai's successor, as the contest

is entering its final stages.

- Thailand's customs office will release trade figures on Wednesday, with a

weekly update on foreign reserves due Friday.