Free Trial

USD/THB Edges Lower On Broader Dollar Weakness


Spot USD/THB has ebbed lower and last operates at THB30.08, 9 pips worse off. Broad-based dollar weakness and positive risk appetite have aided the move.

  • Bears need losses past Dec 24 low of THB29.99 before setting their sights on Dec 18 cycle low of THB29.76. On the topside, focus falls on Dec 24 high/23.6% retracement of the Jul 20 - Dec 18 slide at THB30.24/25, followed by Nov 24 high of THB30.43.
  • Just a quick heads-up, in case any comments trickle through: PM Prayuth chairs a cabinet meeting today, Dep PM Supattanapong chairs a PPP policy meeting.
  • Thailand reports BoP current account balance & trade figures tomorrow.

To read the full story



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.