FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/THB Still Finding Support Ahead Of 34.00

THB

USD/THB has moved higher in line with trends elsewhere in the region. The pair last around 34.25/30, +0.35% firmer for the session so far. Support for the pair is still evident around/ahead of the 34.00 level, which we bottomed out around late last week. The 20 and 50-day EMAs sit slightly higher, in the 34.35/34.40 region.

  • Local equities are trying push higher, but there appears to be some resistance ahead of the 1600 level (last around 1592.50). Offshore investors haven't returned to the local bourse in a major way, with still -$858.8mn in net equity outflows so far in March.
  • Thai related equity analysts feel consumer related stocks may do well, given the potential for more cash to households, but this assumes a smooth transition of power after the May election. The opposition party continues to lead in the polls (see this link).
  • On the data front, Feb customs trade figures are due between now and the end of the month. Tourism arrivals were slightly down in Feb (2.11mln) versus Jan (2.14mln).
  • Most focus will rest on Wednesday's BoT outcome though. The consensus looks for a +25bps hike, but a few forecasters expect no change.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.