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Baht Firms, Manufacturing Production Data On Tap

THB

Spot USD/THB trades -0.032 at THB34.120 at typing, as participants await local industrial output data. A clean break under May 24 low of THB34.090 would bring key near-term support from May 5 low/round figure of THB34.018/34.000 into play. Meanwhile, gains past May 26 high of THB34.350 would open up May 13 high of THB34.783.

  • Note that the Thai Cabinet will hold its weekly meeting later today.
  • Thailand will report April manufacturing production figures later today. After that, focus will turn to Tuesday's BoP data and Wednesday's Business Sentiment Index.
  • Thailand's industrial output is expected to have grown 1.00% Y/Y in April, according to Bloomberg consensus forecast, after a 0.10% annual contraction in March.

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