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Baht Unfazed By Above-Forecast Customs Exports Growth

THB

Spot USD/THB last +0.017 at THB31.882, showing little reaction to the release of Thailand's May trade data from the Customs Department.

  • Customs trade surplus rose to $796mn from $182mn prior, slightly beating exp. of $775mn. A faster than expected exports growth was coupled with above-forecast increase in imports. The annual rise in shipments was 41.6%, while analysts projected a 33.5% increase, according to BBG consensus.

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