Thai Baht: Double-top risk against US Dollar with BoT in focus – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that Thai Baht (THB) has weakened to a three‑month low against the Dollar, pressured by higher Oil prices, Gold weakness and a firmer USD. They maintain a slightly cautious near‑term view, with Wednesday’s Bank of Thailand (BoT) meeting and developments in Gold and Oil seen as key. Technicals highlight a possible double‑top around recent highs and nearby support levels.