USD/THB now seen within 36.33 and 36.75 – UOB – by pabspiovano Thailand Banks Currencies Crosses
seems to have moved into a consolidative phase within the 36.33-36.75 range for the time being, according to Quek Ser Leang at UOB Group’s Global Economics & Markets Research.“Last Tuesday , we highlighted that there is room for USD/THB to strengthen further but we were of the view that ‘any further advance is likely limited to a test of 34.60’. We indicated that ‘the major resistance at 35.00 is not expected to come into the picture’.
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