USD/THB: Upside limited to 33.80 in Q2 – Credit Suisse
|At current levels around 33.50, USD/THB is already near the highs seen since the onset of the pandemic. However, analysts at Credit Suisse think further USD/THB upside is limited, and think the pair will trade in a range of 33.40-33.80 in Q2.
The bad news is priced
“We think the bad news is priced and that further upside in USDTHB is limited.”
“In Q2 we expect USD/THB to trade in a narrow range of 33.40-33.80, with the BoT likely intervening to limit weakness at 34.00.”
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