USD/THB faces extra consolidation near term – UOB – by pabspiovano Thailand Currencies Crosses Banks
“Last Monday , we held the view that USD/THB ‘is likely to trade with an upward bias but a sustained rise above 34.55 is unlikely’. Our expectation did not materialize as USD/THB traded in a quiet manner between 34.22 and 34.51.”
“The price movements appear to be consolidative and this week, we expect USD/THB to trade in a range, likely between 34.07 and 34.55.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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