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Censure Debate Resumes, No-Confidence Votes Up Tomorrow

THB

Spot USD/THB sits -0.048 at THB32.405 as we type, with political headlines surrounding the ongoing censure debate still in focus. Bears look for a fall through Aug 31 low of THB32.215 towards Jul 6 low of THB32.067. Bulls see the 50-DMA at THB32.722 as their initial target and a break here would clear the way to Aug 26 high of THB32.835.

  • Lawmakers will continue to grill PM Prayuth and five of his ministers during a censure debate, which will culminate in no-confidence votes on Saturday, while talk of a secret plot against the Premier continues to do the rounds.
  • Director-General of the Public Debt Management Office Mongkhonvanit said that a committee will consider the country's debt ceiling, when they meet to discuss five-year debt management plan.
  • Thailand declared 14,653 new Covid-19 cases today, the lowest count since Jul 27.
  • The Bank of Thailand and Thai Bankers' Association will hold a joint briefing today on ways to help borrowers affected by the outbreak of Covid-19.
  • The BoT are set to publish their weekly update on foreign reserves today, while monthly CPI report headlines next week's docket.

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