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No-Confidence Debate Against Premier Resumes In Thailand

THB

Spot USD/THB has been dragged higher by continued demand for the greenback and last trades at THB29.967. A further rally through the 50-DMA at THB30.017 would encourage bulls to take aim at Feb 5 high of THB30.132. On the downside, a dip through Feb 15/Jan 4 & 5 lows of THB29.842/29.840 would allow bears to set their sights on Dec 18 low of THB29.757.

  • Thailand's Finance Ministry said Tuesday that it sold THB60bn of savings bonds as part of a package used to fund Covid-19 relief measures.
  • The no-confidence debate against PM Prayuth & nine of his ministers in the Thai parliament resumes today. In the course of the debate, the premier pushed back against allegations that he benefited from illegal gambling dens
  • The BoT will release its weekly update on foreign reserves on Friday.

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