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Baht Gains On Easing Omicron Angst

THB

Spot USD/THB has gone offered today, hitting its worst levels in almost two weeks. A fall through Nov 25 low of THB33.240 would open up the 100-DMA at THB33.159, while bulls look to take out Oct 6/Dec 3 highs of THB33.990.

  • PM Prayuth played down potential for another lockdown in Thailand, despite the emergence of the Omicron coronavirus variant, soothing the nerves of domestic business community. The Premier also defended a police intervention conducted to disperse a group of protesters on Monday.
  • Participants look ahead to the release of the latest consumer confidence survey from the University of the Thai Chamber of Commerce on Thursday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com

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