- Analytics
- News and Tools
- Market News
- USD/THB seen within a range of 35.17 to 36.68 in the week ahead – MUFG
USD/THB seen within a range of 35.17 to 36.68 in the week ahead – MUFG
Over the past week, USD/THB has been relatively stable slightly above the 35.50 mark. For the week ahead, economists at MUFG Bank see the pair within a range of 35.17 to 36.68.
Further THB gains may need more improvements in fundamentals
“In the week ahead, markets will watch Q3 GDP numbers and October trade numbers. We expect a relatively buoyant GDP print of 4.6% YoY in Q3, from 2.5% in Q2. However, the trade deficit may continue, due to high import bills. Further THB gains may need more improvements in fundamentals.”
“For the week ahead, we see USD/THB within a range of 35.17 to 36.68 and slightly biased on the upside, along the 200 and 100 moving averages.”
“We see downside risks to our end-2022 forecast of 39.25, given previous moves and are reviewing our forecasts.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
