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USDCAD TECHS

Fresh Lows Below 1.2062

AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

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The baht is unfazed by a solid beat in Thailand's M'fing Production Index, which rose 4.12% Y/Y in March, even as BBG consensus forecast was a 0.40% decline. The previous month's reading was revised to -1.35% from -1.08%.

  • The index rose by the most since 2018 and snapped a 23-month losing streak, owing to global economic recovery & low base effect.
  • Capacity utilisation rose to 69.59, the highest level in a year, after registering at 65.06 in February.
  • Spot USD/THB last seen +0.012 at THB31.390.

Fig. 1: Thailand M'fing Production Index Y/Y vs. Thailand GDP Y/Y

Source: MNI - Market News/Bloomberg