Short-term outlook for THB

[sandyf]

Short-term outlook for THB

Quotes from Standard Chartered:

-We turned short-term Overweight from Neutral on the THB in early June given the improved economic outlook following the coup and underweight investor THB positioning. Domestic media reports suggest that the NCPO may wish to see THB gains curbed as USD-THB spot approaches 32.00, in order to help exporters.

-While the BoT remains solely responsible for FX policy, it may well act to slow THB gains as spot approaches this key level. Much stronger economic data will likely eventually create the conditions for further sustained THB appreciation - but this may not be forthcoming until early 2015.

Source: FXWire Research

17. July 2014 12:46:32