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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
Spot USD/THB re-opened above its 50-DMA, severing that moving average for the first time since Oct 2020. The rate last sits at THB30.128, with bulls looking for a break aboveJan 12 high of THB30.190, followed by Dec 24 high/23.6% recovery of the Jul 20 - Dec 18 slide at THB30.243/30.253. Bears need a pullback under the 50-DMA at THB30.069 before taking aim at Feb 1 weekly low of THB29.888.
- Fiscal Policy Office Director-General Kulaya said that the gov't is prepared to take further fiscal steps if economic growth undershoots its base-case forecast. That said, she noted that the FinMin's current growth projection of +2.8% Y/Y is conservative enough and "things are still in line with our forecast."
- Elsewhere, FinMin Arkhom pushed back against criticisms of Thailand's fiscal position, pointing to the country's strong economic fundamentals and parallel spikes in debt-to-GDP ratios in foreign countries.
- The Bangkok Post reported that the Stock Exchange of Thailand will develop a new trading platform after the closure of its Thailand Bond Exchange on Mar 1.
- Thailand's CPI report for the month of January comes out at the bottom of the hour. Next week's docket features little beyond the usual weekly update on foreign reserves.
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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