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Free AccessDOLLAR-THB : USD/THB has added 9 pips and last.......>
DOLLAR-THB : USD/THB has added 9 pips and last sits at THB31.64. Thailand
reported its CPI data today, with headline inflation printing at -3.44% Y/Y vs.
the previous -2.99% & exp. of -3.21%. Thai Commerce Ministry off'l commented
that the country has entered a "technical deflation" after three straight
negative readings, adding May should be "the lowest point" for national CPI.
Nevertheless, Commerce Ministry expects 2020 CPI to be negative.
- Bulls look to retake the 100-DMA at THB31.77 before attempting a move at May
25 high of THB32.00. Bears would be pleased by a fall through yesterday's low of
THB31.50, which would open the THB31.32/31 area, hosting the lows of Mar 5/4/2.
- Thailand's consumer confidence will be published later today, with foreign
reserves due Friday.
To read the full story
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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.