Spot USD/THB loses some altitude upon return from a long weekend in Thailand, with lower U.S. Tsy yields offering some support to the baht, on top of the overhang market impetus. The rate last sits -0.192 at THB38.178, with Oct 6 low of THB37.125 providing the key near-term layer of support. Bulls look for a break above Oct 20 high of THB38.465.
- Foreign investors were net buyers of $38.71mn in Thai stocks last Friday, while the SET index slipped after another failure to mount a meaningful challenge to its 100-DMA.
- PM Prayuth chairs a weekly Cabinet meeting today.
- Thailand's Customs trade data are expected to hit the wires in the coming days.