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USD/THB Still Finding Selling Interest Above 35.00

THB

The baht is around 0.60% stronger so far today. USD/THB is back to the 34.77 level, with the pair continuing to find selling interest above 35.00 (particularly in the 35.15/20 region). Support has been evident this month between 34.55/34.70.

  • Coming up shortly BoT Assistant Governor Disyatat will provide a brief on the monetary policy outlook at the central bank's quarterly analyst meeting.
  • PM Prayuth Chan-Ocha also chaired a meeting on fiscal and monetary policies this morning.
  • Support for the SET appears to still be holding sub 1615 (last 1619). Offshore investors added modestly to local equities last week (+$92.3mn), but outflows remain month to date.
  • Later on this week, the data calendar delivers trade figures on Thursday.

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