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SEK

EURSEK is now down 1.14%

US TSY FUTURES

Bonds Extend Lows, Yet Only Fraction of Fri's Rally

US TSY FUTURES

BLOCK, 5Y Buy

THB

Spot USD/THB failed to take out resistance from the 50% retracement of the Apr 2, 2020 - Dec 18, 2020 slide at THB31.467. It re-opened on a softer footing this morning and last trades -0.120 at THB31.337.

  • A fall through Apr 1 & 2 lows of THB31.198 would turn focus to Mar 26 low of THB31.060. Conversely, bulls look for a renewed rally past aforementioned Fibo level/yesterday's high at THB31.467/31.470, which would bring Sep 28, 2020 high of THB31.745 into view.
  • Thai authorities ordered "risky" entertainment venues in 41 provinces to shut for two weeks in a bid to halt further spread of infections linked to the Thong Lor cluster.
  • The BoT told commercial lenders to stop doing new Libor-linked loan, bond and derivative transactions from Jul 1.
  • The central bank hosts a virtual meeting for analysts to discuss its economic forecasts at 10:00am local time.
  • The BoT will release its weekly update on foreign reserves later today.

Fig. 1: USD/THB

Source: MNI - Market News/Bloomberg

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com