Thailand Scrambles To Secure More Vaccine Supplies, Trade Data Eyed

Spot USD/THB gapped higher at the re-open and last sits +0.055 at THB31.395. A clearance of Apr 12 high of THB31.575 would prompt bulls to target Sep 28 high of THB31.745. Conversely, bears look for a retreat under Apr 19 low of THB31.173.

• Thai PM Prayuth said that Russian Pres Putin is ready to support Thailand's efforts to secure more Covid-19 vaccine supplies. Prayuth also noted that he will meet with representatives of the private sector next Wednesday to discuss ways of securing more shots. Earlier, Dep PM said that China will donate 500,000 doses of the Sinovac jab to Thailand.
• Phuket is screening people wanting to enter the island and will continue to do so through the end of this month, in an attempt to stop the spread of Covid-19 infections.
• Thailand's Customs Dept will release its trade report for the month of March today. Trade surplus is expected to grow to $775mn from $7mn, per BBG consensus forecast. The BoT will publish its weekly update on foreign reserves later in the day, with car sales also due.
• Next week, focus turns to M'fing Production Index (Wednesday) as well as BoP current account balance & trade balance (Friday).