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Free AccessCovid-19 Task Force To Debate Final Details Of Phuket Sandbox
Spot USD/THB reopened on a quiet note, sitting within the confines of yesterday's range. The rate last trades -0.020 at THB31.385, with bears looking for losses past the 50-DMA at THB31.284. Below there opens Jun 11 low of THB31.030. Bulls need a clearance of May 18 high of THB31.510, before taking aim at Apr 12 high of THB31.575.
- The Federation of Thai Industries lauded PM Prayuth's proposal to fully reopen the country in 120 days, noting that it will have a positive impact on business confidence.
- The premier chairs a meeting of the Thai Covid-19 task force today. Officials will discuss the details of the "Phuket Sandbox" plan. Prayuth, accompanied by several ministers, will pay a visit to Phuket next week, before the island welcomes first vaccinated foreign visitors without mandatory quarantine on Jul 1.
- The BoT will provide the latest update on Thailand's foreign reserves today. Next week, focus turns to customs trade data & BoT MonPol decision, due Wednesday.
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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.