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DOLLAR-THB : USD/THB has added 14 pips, nearing......>

DOLLAR-THB
DOLLAR-THB : USD/THB has added 14 pips, nearing its 200-DMA, and last sits at
THB31.08. Thailand's consumer confidence index rose to 49.2 from 48.2 as the
country relaxed some lockdown measures and took steps to fuel economic recovery.
- Worth flagging yesterday's comments from Thai PM Prayuth. He noted that
domestic GDP may contract 6% this year, due to the shock from the coronavirus
pandemic & trade war.
 A break above the 200-DMA at THB31.12 would shift topside focus to Jun 17 high
of THB31.24, a key near-term resistance. Bears initially need a dip through
THB30.81, which represents the low of Jun 24, to gain some momentum.
- Thailand reports CPI figures tomorrow.

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