2012.05.02 12:01:37 MARKET TALK: USD/THB Higher; Resistance At 30.90

1001 GMT [Dow Jones] The USD/THB is higher at 30.83-30.85 vs 30.74-30.75 late Monday in Asia; dollar demand from oil companies and importers lifted the pair from its intraday low of 30.74, says a dealer at a local bank. However, the dollar/baht's near-term upside will likely be limited as exporters are waiting to sell near 30.85, she says. The pair is tipped to trade in a 30.70-30.90 range Thursday. Investors will focus on the ECB meeting, as well as Thursday's Spanish and French bond auctions for potential trading cues. Thai markets were shut Tuesday for a national holiday. (payungsak.wiriyabunditkul@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 02, 2012 06:01 ET (10:01 GMT)