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Thailand Continues To Seek Ways To Tackle Rising Prices

THB

Post-FOMC impetus pushed spot USD/THB higher in early trade. The rate changes hands +0.197 at THB33.160, with bulls keeping an eye on Jan 10 high of THB33.747, followed by Dec 22 high of THB33.835. Conversely, a pullback under Jan 20 low of THB32.822 would clear the way to the 200-DMA at THB32.626.

  • The government is ratcheting up efforts to contain rising costs of living. The Commerce Ministry said it has sent officials to inspect the prices of basic articles in Bangkok and nearby areas. The inspectors will take legal action against merchants accused of price gouging and hoarding.

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