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Weakness Persists

THB

Spot USD/THB keeps pushing higher, catching up with overnight greenback strength. The rate sits +0.098 at THB33.485, with bulls setting their sights on Jan 10 high of THB33.747. Conversely, a dip through Mar 10 low of THB33.000 would give bears some reprieve.

  • The last 24h brought some updates on Thailand's political calendar, with the Election Commission announcing that Bangkok will hold its first gubernatorial election since 2013 on May 22. Elsewhere, a Bangkok Post source suggested that the ruling party considers holding a snap general election early next year.
  • PM Prayuth chairs weekly Cabinet meeting today.

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