Monday, 17 September 2012

USD/THB Tad Higher; Resistance At 30.85

The USD/THB turns higher on import settlements, while local players cover their shorts after Friday's sharp decline. The pair is last at 30.81-30.82 vs 30.77-30.79 late Friday in Asia. "Following the Fed's latest easing announcement, investors are returning their focus to the European debt crisis, particularly in Spain," says a dealer at a local bank. Resistance is put at 30.85, while support is tipped at 30.75. 

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