USD/THB faces some consolidation near term – UOB By pabspiovano Thailand Crosses Currencies Banks
“Last Monday , we held the view that USD/THB ‘could dip below 33.25’. We added, ‘the next support at 32.83 is unlikely to come into the picture’. While our view for a weaker USD/THB was not wrong, we did not expect the sharp drop that dipped below 32.83 . The rebound from the low amid oversold conditions suggest that USD/THB is unlikely to weaken further.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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