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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
THB
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
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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