Intraday Analysis from FXMarketAlerts.com
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USD/THB trading listlessly about the 33.21-33.24 band with some firming bias seen on the back of weak showing in stocks today, down 1.4% in the afternoon. With the dollar still sluggish in the session however, and the somewhat mixed sentiments regarding the Q3 GDP print today, overall, markets looking a little directionless on the mixed cues. On the whole, we still take the GDP print as a positive on the year as it signals that in terms of a recovery, growth is still supported, eventhough on the quarter, seasonally adjusted figures were disappointing. Also a tad negative THB further out will be the red shirt rally at the end of the week. Elsewhere, PM Abhisit has said he may reconsider his Chiang Mai visit based on the assessment by intelligence agencies regarding the weekend media reports on possible assassination attempts on the PM's life. CR








