MNI: EUROZONE NOV FINAL MANUF PMI 45.2 (FLASH 45.2); OCT 46.0

MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

MNI: FRANCE NOV FINAL MANUF PMI 43.1 (FLASH 43.2); OCT 44.5

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI: ITALY NOV MANUF PMI 44.5 (FCST 46.0); OCT 46.9

MNI: SPAIN NOV MANUF PMI 53.1 (FCST 54.0); OCT 54.5

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Baht Gains In Wake Of Local Holiday & FOMC Decision, Thai CPI Eyed Today

THB

Spot USD/THB opened sharply lower after Wednesday's public holiday, with the baht reacting to the FOMC's monetary policy decision. The rate last changes hands -0.410 at THB34.098.

  • Sales past the nearby THB34.000 figure would give bears a green light for targeting Mar 28 high of THB33.802. Bulls need a rally above May 3 high of THB34.522 before targeting May 11, 2017 high of THB34.815.
  • Looking ahead, monthly CPI data will be published later today. Headline inflation is expected to have slowed to +4.81% Y/Y in April from +5.73% prior, with economists forecasting a broadly unchanged rate of core CPI growth.
  • As a side note, bear in mind that the government removed a cap on diesel prices from May 1, which is expected to boost inflation from this month, making it more difficult for the BoT to maintain its accommodative stance.
  • PM Prayuth chairs a meeting on special economic zones today, while the national Covid-19 task force will provide an update on the local outbreak.
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.