MNI BRIEF: BOJ To Mull Hikes If 2% Probability Rises - Ueda

MNI BRIEF: Case For ECB Cuts Strengthening, Accounts Show

MNI INTERVIEW2: Germany Faces Stagnation -Former Experts Chair

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

Plummeting Euro Core Factory Orders Cast Doubt On Recovery

MNI: EUROZONE FEB RETAIL SALES -0.5% M/M, -0.7% Y/Y

Retail Sales Unlikely To Improve Notably In The Months Ahead

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Baht Firms Despite Moderation In Pace Of CPI Growth

THB

Spot USD/THB trades -0.020 at THB37.385 as the dollar loses shine. From a technical standpoint, bears look for continued slide towards the 50-DMA at THB36.556, while bullish focus falls on Sep 28 high of THB38.450.

  • Foreign investors sold a net $6.03mn in Thai stocks Wednesday, while the SET index gave back most of its initial gains.
  • PM Prayuth will visit flood-hit areas this afternoon after adverse weather conditions damaged crops and affected popular tourism destinations. The impact of flooding risks adding fuel to inflationary pressures and generating headwinds to the recovery of the tourism industry.
  • Thailand's headline inflation eased more than expected to +6.41% Y/Y in September, data released Wednesday showed. Core CPI inflation slowed to +3.12% Y/Y from +3.15%. Still, aforementioned floods are set to accentuate cost-push factors, while economic recovery will keep demand-pull pressures in place.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.