They are so predictable !
This monday, the USD fell to a 3 year low versus Yen (at less than 103)… Plus new record for the Euro (1,5274) ! … but in Thailand the USD is going up !
It’s a miracle. Thank you Holy Tarisa. 
On the first day with capital controls removed (30 % reserve requirement), it was expected that the BOT would intervene... to save face.
Check the rates at SCB Bank… USD opened at 31,27-31,37, higher than friday. And, then up 31,39-31,49…
It’s ridiculous… Anyway. That’ s the game, at least for the first day… Not very relevant.
Let’s see what the BOT will do… if the USD continues to plunge (check the chart of USDindex, it’s really ugly).
Exactly like I predicted, “the BOT plans to issue Bt130 billion worth of bonds in the first two weeks of March to absorb liquidity in the market caused by the baht intervention. ” (Nation)
Question : what will happen… after 2 weeks ?
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