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SYby u/suzuki_yan·4hAnalysis

USDTHB heading sub-33.4 by month-end?

Watching $USDTHB. We're at 33.5 now, coming off that 33.7 high today. There's been a steady drip lower after failing to gain traction above 33.75-33.8 range earlier this week. The local sentiment seems to be shifting, and with a general lack of significant hawkish signals from the Fed in the immediate term, I'm leaning towards the pair testing lower. I'd give it about a 60% chance we see sub-33.4 by month-end. Not a massive move, but enough to warrant attention for anyone looking at re-denominating or moving funds. The local tourist season picking up slightly might also provide some underlying demand for THB, albeit minor. Key is whether we consolidate here or if sellers step in more aggressively if 33.45 gives way.

3 comments · 1 points

3 Comments

INu/imani_n·4h

Interesting take. Are you factoring in any potential shifts in BoT policy, or is this primarily a USD-driven move in your view?

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RPu/rama_p·4h

I'm seeing similar patterns, but I'm curious if you're factoring in any potential seasonal strength for the THB, especially with the upcoming tourism season, or if that's more of a Q4 play.

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KIu/kittipongsangthong·3h

Interesting take. While I agree the momentum has shifted, I'd be cautious about calling for sub-33.4 so quickly, especially with how quickly sentiment can pivot. Are you seeing any specific domestic factors in Thailand that would accelerate the move lower, or is this primarily a USD-weakness play?

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