Thai Gov't Criticised For Vaccine Shortages, Thai Inflation Data Take Focus

Spot USD/THB has eased from a multi-month high printed last Friday, with late doors greenback dynamics in the driving seat. The rate last changes hands -0.035 at THB32.170, with bears looking for a break under Jun 25 low of THB31.740. Conversely, a clearance of last Friday's high of THB32.280 would shift focus to the 76.4% retracement of the 2020 slide at THB32.370.

• AstraZeneca will supply 5-6mn doses of its Covid-19 vaccine for use in Thailand from this month, as a share of jabs produced by Astra's Thai m'fing partner will be exported to other countries in the region. This means that Thailand will not be able to meet its target of delivering 10mn shots a month.
• Thailand virtually ruled out further tightening of Covid-19 restrictions last Friday, even as case count continued to climb, the daily number of deaths rose to a record high, while ICU bed occupancy rate remained alarmingly elevated. Officials are set to try and secure vaccine supplies from alternative sources, having largely relied on the AstraZeneca product.
• All eyes are on Thailand's latest CPI report, due at 0430BST/1030ICT. Consumer prices are expected to have grown 1.12% Y/Y in June, according to BBG consensus forecast. On Thursday, the University of the Thai Chamber of Commerce will release the results of their monthly consumer confidence survey.