Thai Baht: Trade deficit fuels weakness against US dollar – MUFG Lloyd Chan at MUFG focuses on Thai Baht as a key expression of the Oil shock in Asia.
He cites September trade data showing a sharply wider deficit, driven by surging imports outpacing strong exports
MUFG expects the Bank of Thailand to keep its policy rate at 1.00% to support growth, leaving USD/THB biased higher while Oil remains