Thailand Freezes Diesel Prices, Inflation Report Takes Focus

Spot USD/THB trades +0.033 at THB33.923, with bulls looking to a move through Sep 30 high/round figure of THB33.978/34.000. Such a move would bring Jul 11, 2017 high of THB34.140. Conversely, a retreat under Oct 1 low of THB33.625 would open up Sep 23 low/50-DMA at THB33.155/33.096.

• Dep PM & Energy Min Supattanapong announced a freeze on diesel prices, which will remain in place at least through the end of this month. The measure was implemented to provide relief to more than 10mn households.
• The opposition bloc filed petitions to the National Anti-Corruption Commission asking it to launch a probe into the gov't's handling of the vaccination programme and Thailand's rubber inventory.
• The release of monthly CPI report headlines the local docket today, while any headlines surrounding the weekly Cabinet meeting may also grab attention. BBG consensus forecast suggests that consumer prices may have returned to growth. Looking further afield, consumer confidence will come out on Thursday.