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Baht Finds Poise Ahead Of BoP Data Release

THB

Spot USD/THB snaps its recent winning streak and eases off to last change hands -0.103 at THB34.355. Bears need a sell-off past the critical THB34.000 figure to regain poise. Bulls look for a break above yesterday's cycle peak at THB34.480, followed by May 11, 2017 high of THB34.815.

  • The government backpedalled on plans to ditch the so called Thailand Pass but said that the process of mandatory registration of overseas tourists will be made more smoother and quicker.
  • Today's Thai data dump includes BoP current account balance and trade balance, in addition to the regular weekly update on BoT foreign reserves.

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