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Manufacturing Data Eyed

THB

Spot USD/THB trades flat at THB33.522 at typing, after Tuesday saw it oscillate within a familiar range. A clearance of Dec 22 high of THB33.835 would give bulls a green light for targeting Dec 3 high of THB33.990. On the flip side, bears need a dip through Dec 24 low of THB33.408 before taking aim at the 50-DMA/Dec 17 low at THB33.312/33.302.

  • The government is looking to order its officials to work from home after the NYE and could bring back online classes, in a bid to keep the number of new Omicron cases relatively low.
  • Thailand's manufacturing production index will hit the wires within a few hours. Analysts expect the index to rise 2.80% Y/Y, according to BBG consensus forecast, after a 2.91% gain registered in October.
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