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Some Businesses In Bangkok Allowed To Reopen

THB

Spot USD/THB last operates +0.028 at THB31.103, happy to hold Friday's range at the start to the week. Bulls look for a rally past the 50-DMA/Jun 4 high at THB31.273/31.275, while bears keep an eye on Friday's low of THB31.030, followed by the 200-DMA at THB30.786.

  • PM Prayuth announced Saturday that some aesthetics-related businesses in Bangkok will reopen from Monday, as the rollout of the Covid-19 vaccine progresses, while the epidemic situation has improved.
  • Meanwhile, Thai officials have engaged in an embarrassing blame game over the handling of the vaccination campaign. A survey by the National Institute of Development Administration showed that most citizens believe there has been political meddling in the distribution of vaccines, while a Suan Dusit poll suggested that most people do not approve of the gov't's Covid-19 policies.
  • Looking ahead, the BoT will provide its usual update on foreign reserves on Friday.
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