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TDUX
May 18 - 10:55 PM

Gold - USD/THB Lower On Dip In USD, Bounce In Gold

By Catherine Tan  —  May 18 - 08:47 PM

• USD/THB opens lower, tracks dip in USD and UST yields

• Bounce in gold prices further boosted THB gains overnight

• DXY backs off 99.41 high yesterday to 98.94 low in NY, last at 99.06

• Trump says he paused attack on Iran as negotiations continue

• USD/THB traded 32.47-32.71 range in NY, closed at 32.51

• Supports at 32.40, 32.30; resistance at 32.70, 32.80 intraday

• 2yr UST yield last at 4.05%, 10yr last 4.59%

• Stocks mostly lower on profit taking in tech shares

• Related
THB


(Catherine Tan is a Reuters market analyst. The views expressed are her own.)

Source:
London Stock Exchange Group | Thomson Reuters
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