The USD/THB pair is trading mildly down on Monday after falling to a low of 36.05 earlier in the session and managed to clear most of the daily losses.
USD/THB trades at around 36.11, marking a 0.15% decrease in Monday's session. Fed officials ask for caution on premature easing, despite some recent data weakness. May’s FOMC minutes, April’s S&P PMIs, and Durable Goods figures from May will be the highlights this week. The USD is holding its ground, driven by cautious comments from the Fed eral Reserve officials who are reluctant to loosen monetary policy prematurely.
On Thursday, May’s S&P readings and weekly Jobless Claims will be looked upon as well as Friday’s Durable Goods figures from April. USD/THB technical analysis Examining the daily graph, the Relative Strength Index of the USD/THB is hovering in the negative territory, suggesting a hint of bearish momentum. Simultaneously, the Moving Average Convergence Divergence histogram is displaying red bars, indicating a negative momentum.
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