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Consumer Confidence Data Eyed

THB

Spot USD/THB trades -0.013 at THB33.302 and bears keep an eye on Oct 26 low of THB32.985. The 100-DMA at THB32.844 provides the next layer of support below. Conversely, a rebound above Oct 18 high of THB33.488 would expose Oct 6 high/round figure of THB33.990/34.000.

  • PM Prayuth chairs weekly Cabinet meeting today. There has been little coverage of potential agenda in the local press.
  • Comments from FinMin Arkhom may also provide some interest. The Public Debt Management Office said yesterday that the gov't is still open to overseas borrowing as a funding option.
  • The University of the Thai Chamber of Commerce will release their monthly consumer confidence gauge later today. CPI headlines the local docket on Friday, with the next BoT MonPol decision coming up next week.

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