Published at 03:23 (GMT) 23 Jun
Bangkok Post reported that protest leader Suthep Thaugsuban had been advising General Prayuth on how to unseat the government since 2010, citing comments Suthep made at a fundraising dinner. This suggests that NCPO leader Prayuth had been actively plotting to bring down former PM Yingluck, which could be damaging to the credibility of the military government. Meanwhile, General Prayuth said the military government may increase spending to its planned THB 250bn budget deficit in the FY 2014/15 to boost jobs and raise incomes. He added that government spending will be key to spur economic activity as slow global recovery may hurt exports, private investment and consumption. The NCPO will closely monitor economic measures to prevent recession.
USD/THB fell back into 32.40-45, keeping 32.390 nearest support in view. Below this level will see stronger supports at 32.350/330 coming into play. SETi advanced modestly into midday. BA
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