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Free AccessBaht Remains Heavy
Spot USD/THB has crept higher, building on its recent strength, although yesterday's high remains intact. The rate last deals +0.058 at THB34.378.
- The next key layer of resistance has been defined at THB34.815, which capped gains on May 11, 2017. On the flip side, a retreat under the THB34.000 figure would allow bears to breathe a sigh of relief.
- The Ministry of Tourism and Sports said that the Thailand Pass is expected to be scrapped from June 1, after the Test & Go scheme is lifted from May 1, as the government is trying to revive tourism activity.
- Thailand's manufacturing production index will be released later today, with BoP data coming up Friday. Industrial output growth is expected to have slowed to +2.00% Y/Y in March from +2.75% prior.
To read the full story
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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.