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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.
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Free AccessPrayuth Ousts Two Ministers, Parliament To Vote On Charter Amendment
Spot USD/THB closed at THB32.710 Thursday, with political headlines scrutinised this morning. Bears look for a retreat under Sep 6 low of THB32.333 towards Aug 31 low of THB32.215. Bulls eye Sep 8 high of THB32.840 for initial resistance and a break here would expose Aug 24 high of THB33.318.
- PM Prayuth chairs the meeting of Thailand's national Covid-19 task force today. The panel will review the current situation and look into existing control measures at 13:30 ICT/07:30 BST.
- The Bank of Thailand will provide their weekly update on foreign reserves today. Next week's docket includes nothing much outside of another such update.
- PM Prayuth ousted a couple of junior ministers, including the secretary general of the ruling PPRP, which was reportedly linked to their role in last week's plot to unseat him.
- The parliament is set to vote on the charter amendment bill restoring a two-ballot electoral system, which tends to favour larger parties. It is unclear if the government will manage to muster enough support in the Senate.
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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.