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USD/THB Hovers Above 50-DMA


Spot USD/THB trades -0.075 at THB33.210 as we type. A dip through the 50-DMA/Oct 15 low at THB33.199/33.155 would clear the way to Sep 15 low of THB32.850. On the flip side, a break above Oct 18 high of THB33.488 would expose Oct 6 high/round figure of THB33.990/34.000.

  • Thailand's Customs Dept is expected to release monthly trade data tomorrow. Later this week, m'fing production index is due Wednesday, while BoP current account balance & trade balance will hit the wires Friday.

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