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BoT Expected To Leave Policy Rate Unchanged

THB

Spot USD/THB has ticked away from THB32.745, a fresh two-month low printed earlier in the session. The rate last changes hands at THB32.788, little changed on the day.

  • Should bears manage to force a break under Sep 10 low of THB32.618, they could take aim at Aug 31 low of THB32.215. Conversely, a rebound above Oct 18 high of THB33.488 would bring Oct 6 high/round figure of THB33.990/34.000 into play.
  • The BoT will deliver their monetary policy decision later today. See our usual preview for more colour. Virtually all analysts expect policymakers to stand pat on interest rates.
  • The decision comes ahead of the release of Thailand's Q3 GDP this coming Monday.
  • The Constitutional Court is scheduled to deliver its ruling in a case against eight pro-democracy protesters today. The verdict may have long-term consequences for domestic debate about Thailand's political regime.
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