Source: ANZ
"Our cyclical fair value model is giving a sell signal for USD/THB. For our model portfolio, we are selling spot USD/THB at 31.04 with a target of 30.3, with stop loss at 31.3. From a fundamental point of view, THB is one of the Asian currencies we have a constructive view on, and see it benefiting from the Thai economy’s rapid flood recovery. THB also has the added benefit of having the lowest sensitivity to global equity gyrations among the Asian currency space, which is a plus in the current environment" Khoon Goh, FX Analyst at ANZ Research.
"Our cyclical fair value model is giving a sell signal for USD/THB. For our model portfolio, we are selling spot USD/THB at 31.04 with a target of 30.3, with stop loss at 31.3. From a fundamental point of view, THB is one of the Asian currencies we have a constructive view on, and see it benefiting from the Thai economy’s rapid flood recovery. THB also has the added benefit of having the lowest sensitivity to global equity gyrations among the Asian currency space, which is a plus in the current environment" Khoon Goh, FX Analyst at ANZ Research.
