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Familiar Range In Play, Customs Trade Data On Tap

THB

Spot USD/THB trades +0.025 at THB34.220, holding a familiar range so far. Topside focus falls on THB34.783, which capped gains on May 13 and marks a cycle peak. Conversely, a fall through May 24 low of THB34.090 would bring May 5 low/round figure of THB34.018/34.000 into view.

  • Thailand's Customs Department will publish April trade data later today. Elsewhere, the BoT will publish the weekly update on foreign reserves.
  • Next week's docket features m'fing production (Monday), BoP data (Tuesday) & Business Sentiment Index (Wednesday).

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