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BoT Analyst Meeting, Comments From Econ Off'ls Eyed

THB

Spot USD/THB gapped higher at the reopen and has stuck to a very tight range since. The pair last changes hands +0.118 at THB33.428. Further gains past Oct 6 high/round figure of THB33.990/34.000 would be a boon for bulls, while bears need a fall through the 50-DMA at THB33.200 before targeting at Sep 15 low of THB32.850.

  • Bureau of Macroeconomic Policy Director said that Thailand's GDP growth could reach +1.3% Y/Y this year, as projected by the Fiscal Policy Office. If the export sector, domestic spending and the gov't's stimulus measures all underperform, officials may need to cut the current growth forecast.
  • The BoT will hold their quarterly analyst meeting at 10:00 ICT/04:00 BST. In addition, speeches are due from BoT Gov Sethaput & FinMin Arkhom. Looking further afield, Thailand's Customs Department will publish monthly trade data on Friday.

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