Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
THB
THB/IDR has added 1.23 fig. today, moving away from yesterday's low printed after the rate charted a bearish Harami candlestick pattern, which allowed it to pull back from a multi-month high. The pair traded slightly heavier early on, but bounced thereafter and last sits at IDR470.94.
- A break above Dec 18 high of IDR474.65 would see bulls regain poise. It would also bring channel top/Oct 12 high at IDR474.92/475.10 into play. Bears look for a sustained breach of channel floor at IDR469.82 and Dec 21 low of IDR468.69 before targeting Dec 11 low of IDR467.40.
- Yesterday's losses were driven by suggestions that Thailand may extend lockdown measures to other areas after detecting a Covid-19 cluster in the Samut Sakhon province and implementing restrictions in the region.
- BBG reported Monday that "Bank Indonesia and Bank of Thailand expanded the rupiah-baht settlement framework to include direct investment as an eligible underlying transaction and to further relax relevant FX rules and regulations."
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok