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BoT Monetary Policy Decision Eyed Next Week

THB

Spot USD/THB has clawed back its opening losses and last operates at THB33.420, virtually unchanged on the day. Bulls set their sights on a recent cycle high of THB33.990, printed on Oct 6 & Dec 3. Bears need a clean break below the 50-DMA at THB33.323 before targeting the 100-DMA at THB33.200.

  • The government coalition is looking to submit amendments to two organic laws regulating Thailand's voting system next week, to reflect recently enacted constitutional changes.
  • Next week, focus turns to BoT monetary policy decision (Wednesday) & customs trade balance (Thursday).

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