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USD/THB Continues To Slide

THB

Spot USD/THB has extended its recent losses and last sits -5 pips at THB29.84, narrowing in on its worst levels since 2013. A break under Dec 18 low of THB29.76 would bring the lower 3.0% Bollinger band at THB29.67 into play. On the flip side, a recoil above Dec 28 high of THB30.17 would expose Dec 24 high of THB30.24.

  • PM Prayuth chairs the weekly cabinet meeting today, it should have gotten underway already. Ministers are expected to extend the national state of emergency through Feb 28.
  • Thailand releases its latest CPI report at the bottom of the hour.

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