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Thailand's M'fing PMI At Record High, Business Sentiment Index Eyed

THB

Spot USD/THB trades +0.132 at THB37.863 despite the Constitutional Court's verdict which reduces political uncertainty in Thailand and upbeat manufacturing PMI data.

  • From a technical perspective, initial topside focus falls on Sep 28 high of THB38.450. Bears look for a dip through the 50-DMA, which kicks in at THB36.509.
  • Offshore investors sold a net $36.71mn in Thai equities last Friday, while the SET index faltered to the lowest point since Aug 1.
  • PM Prayuth returns to office today after the Constitutional Court ruled that his term started in 2017 and thus he hadn't breached the eight-year term limit. The decision cannot be appealed.
  • Thailand's S&P Global M'fing PMI improved to 55.7 in September from 53.7 prior, with the headline figure printing at its best level on record.
  • The BoT will publish its Business Sentiment Index this afternoon, while the latest batch of Thailand's monthly CPI figures will cross the wires on Wednesday.
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Spot USD/THB trades +0.132 at THB37.863 despite the Constitutional Court's verdict which reduces political uncertainty in Thailand and upbeat manufacturing PMI data.

  • From a technical perspective, initial topside focus falls on Sep 28 high of THB38.450. Bears look for a dip through the 50-DMA, which kicks in at THB36.509.
  • Offshore investors sold a net $36.71mn in Thai equities last Friday, while the SET index faltered to the lowest point since Aug 1.
  • PM Prayuth returns to office today after the Constitutional Court ruled that his term started in 2017 and thus he hadn't breached the eight-year term limit. The decision cannot be appealed.
  • Thailand's S&P Global M'fing PMI improved to 55.7 in September from 53.7 prior, with the headline figure printing at its best level on record.
  • The BoT will publish its Business Sentiment Index this afternoon, while the latest batch of Thailand's monthly CPI figures will cross the wires on Wednesday.