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Virus Response Panel To Consider Easing Restrictions Despite Rising Covid Cases

THB

Spot USD/THB trades +0.025 at THB32.432, keeping a fairly tight range so far. Bulls need to reclaim Nov 18 low of THB32.565 and Jan 20 low of THB32.822, recent breakout levels, to get some more reprieve. Bears look for a dip through Feb 18 low of THB32.088 to see a resumption of broader downtrend.

  • Daily Covid-19 cases jumped to a six-month high of 21,232 ahead of a meeting of Thailand's main virus response panel. Although daily caseload continues to rise, the tourism sector has ramped up calls for looser curbs. Officials will review proposals to ease restrictions, including lifting the second PCR test requirement for overseas arrivals under the Test & Go scheme.
  • Thailand's Customs Dept is expected to release January trade data over the coming days.

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