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Thailand Delays Reopening Bangkok, Ruling Party Chief Calls For Unity

THB

Spot USD/THB sits -0.013 at THB32.857, with bears looking for a dip through Sep 10 low of THB32.618 towards Sep 6 low of THB32.333. Bulls see yesterday's peak/round figure at THB32.985/33.000 as their initial target and a break here would bring the key layer of resistance at THB33.500 into view.

  • Thailand will postpone reopening the capital to inoculated tourists by two weeks to Oct 15 to make sure that enough residents receive their second jabs of Covid-19 vaccines.
  • Dep PM and leader of the ruling PPRP Prawit met with party MPs yesterday and demanded that lawmakers abandon factionalism. Two former ministers recently sacked by PM Prayuth for plotting to oust him, Thamanat and Narumon, were among the attendees. The Bangkok Post reported that Prawit asked Thamanat to stay on as PPRP SecGen and Thamanat agreed.
  • PM Prayuth chairs a national strategy meeting today, before meeting entertainment sector reps to discuss further Covid-19 relief measures.
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