USD/THB: Further downside not ruled out – UOB By pabspiovano Thailand Currencies Crosses Banks
“We highlighted last week that ‘there is scope for the weakness in USD/THB to extend’. We added, ‘in view of the oversold conditions, the next major support at 32.18 is not expected to come into the picture’. The anticipated weakness exceeded our expectations as USD/THB plummeted to a low of 32.09 on Thursday .”
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