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Very little to note for the majors in terms...>

FOREX
FOREX: Very little to note for the majors in terms of news flow, with NZD the
marginal outperformer, while CHF underperforms.
- The THB has provided the main point of interest in early Asia-Pac trade.
USD/THB has reclaimed 30.00, with the BoT comments, made Tuesday in focus, as it
urged the public not to panic re: recent THB strength, which was magnified by
lower liquidity conditions, in its view. While the worry/concern is not new,
analysts have suggested that the break below the psychological 30.00
level/comments may point to some intervention from the BoT, and could trigger an
unscheduled MonPol meeting/fresh measures to curb THB strength, with the next
BoT meeting not scheduled until Feb 5. Back on Dec 18 the BoT noted that it is
evaluating the effect of recent measures implemented to fight THB strength, and
will assess whether it needs to do more on this front.
- Elsewhere, Markit noted that "ASEAN manufacturing conditions continued to
deteriorate in December, albeit at the softest rate in the current seven-month
sequence of decline," per their latest regional PMIs. USD/CNY was fixed a little
stronger than expected i.e. fix 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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