USD/THB poised for extra range bound trade – UOB

Markets Strategist Quek Ser Leang at UOB Group sees USD/THB trading within the 34.55-34.90 range in the near term.

Key Quotes

USD/THB traded in a range of 34.55/34.92 last week before settling at 34.62 (-0.55%). The price actions offer no fresh clues and this week, we expect USD/THB to continue to trade in a range, likely between 34.55 and 34.90.