Free Trial

Weekly Cabinet Meeting Up Today

THB

Spot USD/THB keeps pushing higher and last trades +0.068 at THB31.235, printing fresh multi-month highs. A move through Oct 26 high/76.4% retracement of the Jul 20 - Dec 18, 2020 sell-off at THB31.335/31.362 would open up Sep 28 high of THB31.745. Conversely, a retreat under Mar 26 low of THB31.060 would allow bears to set their sights on Mar 18 low of THB30.660.

  • Thai tourism operators called for including Bangkok in the gov't's upcoming scheme of re-opening quarantine-free travel into several selected locations, starting with Phuket, for vaccinated foreigners.
  • Thai gov't denied allegations that it backs Myanmar's junta and its acts of violence against Myanmar citizens.
  • PM Prayuth chairs the weekly cabinet meeting today, gov't spokespeople will update the press on any cabinet decisions at 14:00 local time.
  • Thai M'fing Production Index & BoP report are due Wednesday, Markit M'fing PMI & Business Sentiment come out Thursday, weekly update on foreign reserves is due Friday.

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.