Free Trial

Parliament To Vote On Charter Overhaul

THB

Spot USD/THB sits +0.065 at THB32.755. Topside focus falls on Nov 11 high/100-DMA at THB32.967/32.984. Should bulls manage to force a break above that level, they could take aim at Oct 18 high of THB33.488. Bears look for a dip through Sep 10 low of THB32.618 towards Aug 31 low of THB32.215.

  • The government said that they are planning to borrow THB20bn to fund oil subsidies amid ongoing truckers' strikes.
  • Parliament will vote on a charter amendment proposed by pro-democracy groups at the top of the hour. Lawmakers are expected to reject the bill. PM Prayuth reportedly told his Cabinet yesterday that any charter amendments must leave the monarchy intact.

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.