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DOLLAR-THB : USD/THB has shed 2 pips thus far and....>

DOLLAR-THB
DOLLAR-THB : USD/THB has shed 2 pips thus far and last trades at THB31.83,
testing support from May 21 low (THB31.82). A break below there would shift
bearish focus to the 76.4% retracement of the Mar 4 - Apr 2 rally/100-DMA at
THB31.75/73. A rebound above round figure & May 25 high of THB32.00 would bring
May 14 high of THB32.12 into focus.
- Thailand's National Economic and Social Development Council warned yesterday
that as many as 8.4mn jobs are at risk due to the coronavirus outbreak. The key
tourism sector alone may shed 2.5mn out of the total 3.9mn jobs in the industry.
- Thailand will release trade figures & BoP current a/c balance for April, as
well as the weekly update o foreign reserves today.

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