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Risk-On Feel Evident, Consumer Confidence Data & BoT Speak Eyed

THB

Improving risk appetite pressures spot USD/THB in early trade, the pair last sits -0.090 at THB33.387. A break below the nearby 50-DMA at THB33.358 would allow bears to set their sights on the 100-DMA at THB33.166. Bulls need a bounce above Oct 6/Dec 3 highs of THB33.990 to regain poise.

  • The University of the Thai Chamber of Commerce will release their consumer confidence data for November later today.
  • Elsewhere, BoT Gov Sethaput will speak on getting the right policy response for the Thai economy at 14:00 ICT/07:00 GMT.

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