Spiga

USD/THB Steady; Likely Stuck In 33.30-33.40 Band

Forex News USD/THB flat in light early trade as market awaits fresh factors; pair at 33.36 vs 33.35-33.36 quoted late yesterday in Asia. Continued portfolio outflows likely to lift pair, but expected intervention to probably cap near-term upside. "The central bank is expected to take action again to curb the baht's weakness should the pair rise to around 33.40 resistance," says Bangkok-based dealer. Likely stuck in tight 33.30-33.40 range rest of day.



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