USD/THB seen slipping back to 30.50 by year-end – UOB

USD/THB could drop to the 30.50 region in Q4 2020 according to Strategists at UOB Group’s Quarterly Global Outlook 3Q 2020.

Key Quotes

“While the THB may continue to benefit from the broad USD decline, its pace of gains will probably moderate, especially when the BOT has already flagged in early June it will consider measures to curb the THB’s strength.”

“Overall, our updated USD/THB forecasts are 30.70 in 3Q20, 30.50 in 4Q20, 30.30 in 1Q21 and 2Q21.”