USD/THB faces some near-term consolidation - UOB – by pabspiovano Thailand Crosses Currencies Banks
“Last Monday , we highlighted that USD/THB is likely to weaken but we were of the view that ‘any weakness is expected to encounter solid support at 36.10’. USD/THB subsequently dropped to 36.19 before lifting off and surged to 37.10. The rapid improvement in upward momentum is likely to lead to further USD/THB strength.”
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