Free Trial

Cabinet May Announce Measures To Mitigate Fallout From Russian Invasion

THB

Spot USD/THB operates +0.018 at THB32.693 at typing, comfortably within yesterday's range. A break above the 200-DMA at THB32.780 would prompt bulls to target Jan 20 low of THB32.822. Conversely, bears need a pullback under Feb 18 low of THB32.088 to see a resumption of the downtrend.

  • Thailand's health officials forecast that daily Covid-19 cases could top the 100k mark by the Songkran festival in mid-April.
  • A senior BoT official expressed concern about the potential inflationary fallout from the ongoing Russo-Ukrainian war, but said that the economy is expected to continue to recover.
  • PM Prayuth chairs a weekly Cabinet meeting today. The Bangkok Post reported that the government could introduce economic measures to dampen the impact of Russia's invasion of Ukraine, particularly on energy prices.
  • On the data front, focus turns to Business Sentiment Index (today) and CPI (Friday).

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.