USD/THB May Drop to 50-DMA If Thai Exports Surprise: Analysis
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- A second consecutive month of positive growth in Thai exports could be catalyst for USD/THB to drop to 34.828 near term, Bloomberg strategist Andrew Robinson writes.
Alert: HALISTER1- Exports rose in September for first time in five months, and though median est. is for a y/y decline in October, the top two forecasters ranked by Bloomberg expect a positive number
- Median est. in Bloomberg survey sees exports falling 1.3% y/y
- Ests. range from -5.0% to +7.5%
- Exports rose 6.5% in August
- Data due 3:30pm local time today
- USD/THB steady at 34.963; MACD is below signal line, falling toward zero
- NOTE: Andrew Robinson is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283