Free Trial

World Bank Expects Thai Economy To Return To Pre-Covid Levels By End-2022

THB

Spot USD/THB has inched higher but remained comfortably within the confines of yesterday's range. With the pair last seen +0.030 at THB33.408, bulls look to a move through Oct 6 & Dec 3 highs located at THB33.990, a key near-term layer of resistance. Bears need a breach of the nearby 50-DMA (THB33.335) before taking aim at the 100-DMA, which intersects at THB33.188.

  • The World Bank forecast that Thai economic activity will return to pre-Covid levels by the end of next year, with GDP expected to grow 3.9% Y/Y in 2022.
  • FinMin Arkhom & BoT Gov Sethaput will take part in a briefing on digital supply chain finance project to help SMEs today.
  • Looking further afield, the BoT will announce their monetary policy decision in one week's time.

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.