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Baht Finds Poise, Thailand Flags Potential For Scrapping Travel Restrictions

THB

Spot USD/THB has been offered this morning and last deals -0.163 at THB33.450. Bearish focus falls on THB33.208, which limited losses on Mar 17. Bulls need a move through Mar 24/Jan 10 highs of THB33.715/33.747 before taking aim at Dec 22 high of THB33.835.

  • Labour Minister Suchart told reporters that the tripartite wage committee is expected to convene later this year to consider the proposal to raise the minimum wage.
  • Meanwhile, Tourism and Sports Ministry said that the Test & Go scheme and Thailand Pass registration will be ditched by June 1 if there is no surge in Covid-19 infections over the upcoming Songkran holiday.
  • BoT policymakers are expected to keep interest rates unchanged next Wednesday. Looking further afield, overall BoP balance is due Thursday, with S&P Global M'fing PMI & Business Sentiment Index coming up Friday.

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