DOLLAR-THB : USD/THB trades +2 pips at THB30.90;.....>

DOLLAR-THB : USD/THB trades +2 pips at THB30.90; it has respected the prior

day's range but tests highs at typing. The rate opened below the 200-DMA

breached on Tuesday, but has already bounced back above there.

- The Tourism Authority of Thailand said that the no. of tourists received from

China is projected to fall by "at least 2mn" to 9mn this year, as the Wuhan

virus outbreak bites. Against this backdrop, FinMin Savanayana pledged to

execute measures to boost local consumption & tourism. Meanwhile, Thailand

confirmed 6 new infections, which brings the total no. of cases to 14. Health

Minister Charnvirakul told Sky News that "we are not able to stop the spread"

amid estimations that ~20k tourists from Wuhan visited Thailand in Jan.

- The Manufacturing Production Index, published by Thailand's Industry Ministry,

fell 4.35% Y/Y in December. The rate of contraction was smaller than forecast,

but represented the eighth straight negative reading.

- Bulls need a jump above y'day's multi-month high of THB30.91 to open up the

psychological resistance/Jul 26 peak at THB31.00/01. Bears look for a clean

break below the 200-DMA at THB30.79, noting that RSI is in overbought territory.