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Thailand Considers Tighter Curbs For Upcoming Holidays

THB

Spot USD/THB operates +0.063 at THB32.695 after trimming some gains. While the rate re-opened on a firmer footing on the back of hawkish Fed musings, it has eased off session highs amid a lingering threat of a double top reversal (see our earlier bullet for more colour on the technical picture).

  • The Bank of Thailand said it will review its inflation forecast in March, adding that it sees average CPI exceeding the current +1.7% Y/Y forecast this year.
  • PM Prayuth chairs a meeting of Thailand's Covid-19 panel to assess the Covid-19 situation, as daily cases keep pushing higher and reached another multi-month high today. A source told the Bangkok Post on Thursday that the panel would discuss tightening virus countermeasures on Valentine's Day and the Songkran holiday.

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