Free Trial

The THB finished the session at the lows...>

THAILAND
THAILAND: The THB finished the session at the lows after a relatively sanguine
start to the trading day. USD/RHB rallied to close at 30.180, with markets
eyeing reports from a Bank of Thailand MPC member who stated the central bank
will aim to stop any fall through the 30.00 level for USD/THB.
-The follows the USD/THB hitting 29.967 on Dec30, the lowest level since
mid-2013, which will likely have frustrated Thai policymakers who have stepped
up their verbal intervention against the currency. This may add more pressure to
the BoT to cut rates in 2020, with most forecasters also seeing no end to the
THB strength this year.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.