Market strategist Quek Ser Leang of UOB Group’s Global Economic and Market Research notes that USD/THB expects further consolidation in the near term. Key tags „We expected USD/THB to trade sideways between 37.90 and 38. 6 last week. However, USD/THB fell to a low of 37.6 before recovering. Despite the decline, the rate of decline has not improved much and USD/THB. likely will weaken further „We still expect USD / THB to trade sideways this week, although likely to remain in the lower 37.55 / 38.30 range”.