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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Baht Rangebound, USD/THB Rally Stalls Ahead Of THB33.50
Spot USD/THB is losing steam just shy of THB33.500, following a dynamic rally which saw the baht underperform all of its peers form the Asia EM basket. The rate has stuck to a narrow range this morning and last trades at THB33.455, little changed on the day.
- Bulls eye Jul 20, 2018 high of THB33.518 for initial resistance. A break here would clear the way to Oct 3, 2017 high of THB33.545. The downside focus falls on Jul 29/20 lows of THB32.820/32.780.
- The U.S. added Thailand to its list of "very high risk" countries this week advised that even fully vaccinated Americans should avoid visiting the country. The designation delivered yet another blow to Thailand's struggling but systemically important tourism industry.
- Anti-gov't protesters clashed with the police in Bangkok Tuesday, after a rally led by the United Front of Thammasat and Demonstration.
- There is little of note left on the Thai docket this week, outside of the usual update on foreign reserves.
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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.