MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/THB Rebounds Towards 36.00, Customs Trade Data Due Soon

THB

In SEA FX, the USD is mostly supported. The general push back on Fed officials to early rate cuts is supporting the USD, while higher oil prices will also be weighing on some parts of the region.

  • USD/THB is firmer, back close to the 36.00 level. This is around 0.40% weaker in baht terms. We remain within recent ranges, with the recent test sub the 20-day EMA near 35.80, not proving sustainable. Recent highs rest at 36.185.
  • Coming up shortly is Jan customs trade data. The market consensus is for a shift back into a trade deficit (-$1425mn forecast).
  • More broadly, focus will remain on the interest rate outlook, with the BoT resisting calls so far from the PM to hold an emergency meeting to cut rates.
  • Local equities sit above 1400 for the SET, but have underperformed the global rebound in recent months. Offshore investor inflows have been picking up, so far this week +$300mn.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.