MNI BRIEF: Pay More Attention To ECB Scenarios - Schnabel

MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

US EIA: CRUDE OIL STOCKS EX SPR +2.74M TO 460.0M APR 12 WK

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Baht Trims Initial Losses, PM Prayuth Sees GDP Growth Accelerating In 2023

THB

Spot USD/THB has trimmed its opening gains and last deals +0.063 at THB36.193, supported by greenback purchases related to the latest round of Fed repricing.

  • Bulls need a clean break above Jul 21 high of THB36.945 to confirm that the broader uptrend remains intact. Bears look for a pullback under Aug 1 low of THB35.975, which would open up the 50-DMA at THB35.416.
  • The government sees faster than expected rebound in tourism providing a boost to economic recovery, Prime Minister Prayuth said after yesterday's Cabinet meeting. He noted that Thailand may return to pre-pandemic growth next year, when it is forecast to expand by 4.2% Y/Y. The Prime Minister added that inflation is expected to decelerate to +2.5% Y/Y in 2023 from +6.2% pencilled in for this year.
  • The next update on Thailand's CPI will be released on Friday. Headline inflation is expected to have accelerated to +8.00% Y/Y in July from +7.66% recorded in June.
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.