Free Trial

Covid Cases East Ahead Of Songkran Festival

THB

Spot USD/THB trades at THB33.660, slightly higher on the day. Bulls keep an eye on Mar 28 high of THB33.803, while bears look for a sell-off towards Mar31 low of THB33.188.

  • FinMin Arkhom confirmed that Thailand will go ahead with the plan to impose a financial transaction tax on individual stock investors this year, as "the stock market has seen growth but the government continues to shoulder the burden" of recovery from Covid-19.
  • Thailand's daily Covid-19 cases fell to the lowest level since March 15 amid worry that infections could bounce back during this week's Songkran festival. The local New Year celebrations begin tomorrow and will see millions of Thai residents travel to their hometowns.
  • The BoT released the minutes from its most recent monetary policy meeting, but the document offered little in the way of fresh insights.

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.