USD/THB Extends Gain; BOT Says Baht Strength Not Helping Economy
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- USD/THB rising for first time in seven day following central bank’s decision to hold official rate at 1.5%.
Alert: HALISTER1- BOT says baht strength not conducive for recovery and they are ready to use policy tools if needed; also says that the economy faces risk from the global economy
- USD/THB up 0.4% to 34.882; hits 34.885 session high
- Resistance seen at 10-DMA currently 34.909, followed by 21-DMA at 35.005
- THB 5-year interest-rate swaps up 1 bp to 1.735%
Source: BFW (Bloomberg First Word)
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UUID: 7947283