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Heading North


Modi, AMLO Top Major Economy Leader Poll, Macron Last


Under Pressure


Trend Condition Remains Bearish

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Spot USD/THB has slipped amid a downtick in the DXY and last trades -0.102 at THB33.370. Bears look for a dip through the 50-DMA at THB33.203, which would clear the way to the nearby Sep 23 low of THB33.155. Conversely, a rebound above Oct 6/round figure of THB33.990/34.000 would give bulls some fresh momentum.

  • FinMin Arkhom said at the FPO's seminar that Thailand will have to enact reforms to bolster its revenue collection system, digitalise the business sector and invest more in public health infrastructure.
  • A senior health off'l said yesterday that the reopening of borders to vaccinated tourists from Nov 1 will depend on three factors, i.e. bringing Covid-19 infections under control, getting the public health system ready and meeting vaccination rate targets.
  • PM Prayuth chairs the weekly Cabinet meeting today, ministers are expected to discuss measures to keep jobs at SMEs and stimulate consumption. Later this week, Thailand's Customs Dept will release monthly trade data on Friday.