Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
India Manufacturing Growth Hits Seven-Month High in September 
U.S. Stock Futures Steady as AI, Rate Concerns Weigh 
US Alcohol Ban Exposes Canada’s Internal Trade Barriers 
South Korea Exports Surge 83.5% on AI Chip Boom 
Fed’s Williams Signals One More Rate Hike Before Year-End 
Add as a preferred source on Google
The USD/THB currency pair is expected to trade above the 33.0 support amid a broadly strengthening USD and to outperform regional peers given the nation’s solid fundamentals including large current account surplus.
In addition, US President Donald Trump will meet with Thai Prime Minister Prayuth Chan-ocha at the White House on October 3. A successful visit to the US would prop up the THB, according to reports from Scotiabank.
The THB has appreciated 7.9 percent year-to-date amid large portfolio inflows, the best performing currency in the region. Foreign investors have poured USD372 million and USD9.39 billion of funds in local equity and bond markets respectively this year to chase higher returns.
The THB’s outperformance has spurred concern as it could hurt the export-hub’s competitiveness. The central bank has reduced the weekly supply of 3M and 6M short-dated bonds to THB30 billion each since April to discourage fund inflows and committed to intervening intermittently if necessary.
Meanwhile, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
