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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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USD/THB Extends Gains To Multi-Month Highs, Thai Covid-19 Panel Meets
Spot USD/THB continues to creep higher and last trades +0.073 at THB31.178, after hitting fresh multi-month highs today. Bulls look for further gains past Oct 29 high of THB31.285, before targeting Oct 26 high of THB31.335. Worth noting that the 50-DMA has crossed above the 100-DMA, which should please bulls. On the flip side, bears look for a pullback under the 200-DMA at THB30.786.
- Thailand's FDA approved Johnson & Johnson's Covid-19 vaccine for emergency use in the country.
- Thailand's Covid-19 economic panel will consider steps to attract FDI & allow vaccinated foreign tourists to travel to Phuket without having to quarantine from Jul 1. Thai Tourism Min Phiphat said that the panel will also consider a plan to give work permits to foreigners who invest $1mn or more in property.
- The BoT will publish its weekly update on foreign reserves later today.
- Next week's docket features M'fing Production Index, BoP report & trade balance (Wednesday) as well as Markit M'fing PMI & Business Sentiment Index (Thursday).
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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.