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Baht Tad Firmer Ahead Of Consumer Confidence Report

THB

Spot USD/THB operates -0.022 at THB34.588, slightly below yesterday's cycle high. Further losses past May 5 low of THB34.018 is needed to signal potential for a deeper sell-off. Conversely, a jump above yesterday's high of THB34.630 would bring May 11, 2017 high of THB34.815 into play.

  • The Bangkok Post reported that ousted PPRP SecGen Thamanat is meeting with representatives of smaller political parties as he continues his push to unseat PM Prayuth. Thamanat's plotting against the Premier cost him his Cabinet portfolio and party membership but it seems that he is now looking to explore formal avenues of challenging Prayuth, such as a no-confidence motion.
  • Reminder that the University of the Thai Chamber of Commerce will publish consumer confidence data today. Headline index fell to a six-month low in March.

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