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Further Reopening Steps On The Cards

THB

Spot USD/THB operates at levels last seen on Oct 12, last +0.183 at THB33.548. A clearance of Oct 6 high of THB33.990 would represent a significant bullish development. Conversely, losses past the 100-DMA at THB33.063 would turn focus to Nov 18 low of THB32.565.

  • PM Prayuth chairs a meeting of the national Covid-19 task force, which will consider proposals regarding reopening certain hospitality and entertainment businesses. Elsewhere, officials approved a plan to replace mandatory PCR tests for eligible inbound travellers with rapid antigen tests.
  • Participants look ahead to the release of Thailand's BoP current account balance & trade data (Tuesday), Business Sentiment Index (Wednesday) & CPI (Friday) next week.
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