Free Trial

Finance Ministry To Revise GDP Projections

THB

Spot USD/THB has extended its Fed-driven rebound from trendline support drawn off Aug 31 and last tested on Jan 20. The rate last changes hands +0.085 at PHP33.280, with bulls looking to a break above Jan 10 high of THB33.747 before setting their sights on Dec 22 high of THB33.835. Conversely, a retreat under trendline support/Jan 20 low at THB32.867/32.822 would reinstate bearish theme.

  • PM Prayuth has ordered a crackdown on hoarding of palm oil, with those found guilty facing fines and prison sentences. The move is part of the government's efforts to curb rising living costs.
  • The Finance Ministry will revise its 2021 and 2022 GDP forecasts at 11:00ICT/0400GMT.

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.