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Thai COVID-19 Panel To Discuss Selective Relaxation Of Curbs

THB

Spot USD/THB trades -0.088 at THB34.467, pressured by broader market impetus rather than any domestic developments. The initial layer of support has been defined at THB34/018/34.000, which represent May 5 low/psychologically significant round figure. Bulls keep an eye on THB34.783, a cycle high printed on May 13.

  • Thailand's main COVID-19 task force will debate the revision of its zoning scheme. The proposal to introduce "green zones" could allow provinces where virus outbreaks are under control to relax some restrictions.
  • Participants look ahead to the release of trade data from the Thai Customs Department on Monday. Manufacturing output data are also expected next week.
  • National Economic and Social Development Council (NESDC) SecGen Danucha called for faster restructuring of Thailand's economy, as heavy reliance on tourism and conventional manufacturing leaves the country exposed to external crises.
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Spot USD/THB trades -0.088 at THB34.467, pressured by broader market impetus rather than any domestic developments. The initial layer of support has been defined at THB34/018/34.000, which represent May 5 low/psychologically significant round figure. Bulls keep an eye on THB34.783, a cycle high printed on May 13.

  • Thailand's main COVID-19 task force will debate the revision of its zoning scheme. The proposal to introduce "green zones" could allow provinces where virus outbreaks are under control to relax some restrictions.
  • Participants look ahead to the release of trade data from the Thai Customs Department on Monday. Manufacturing output data are also expected next week.
  • National Economic and Social Development Council (NESDC) SecGen Danucha called for faster restructuring of Thailand's economy, as heavy reliance on tourism and conventional manufacturing leaves the country exposed to external crises.