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via fxstreet.comEconomy

Thai Baht: double-top risk against US Dollar with BoT in focus

FROM THE WIRE · FXSTREET.COM

OCBC’s Sim Moh Siong and Christopher Wong note that Thai Baht (THB) has weakened to a three‑month low against the Dollar, pressured by higher Oil prices, Gold weakness and a firmer USD. They maintain a slightly cautious near‑term view, with Wednesday’s Bank of Thailand (BoT)…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishPressure on the baht can affect currency flows and the Bank of Thailand's policy decisions.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The baht weakened to a three-month low against the dollar.
  2. 02Higher oil prices, gold weakness and a firmer USD are weighing on it.
  3. 03Wednesday's Bank of Thailand meeting is seen as a key event.

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