Published at 02:37 (GMT) 11 Aug
TN: The National Legislative Assembly will call a vote on the next prime minister on August 21 or 22, its deputy chairman said yesterday. Surachai Liengboonlertchai said he supports General Prayuth Chan-ocha, chief of the National Council for Peace and Order, for the position. The Army chief is the most suitable candidate because he has demonstrated complete dedication to work for the country. "But the decision rests with the NLA'' he said. Jade aud openSiratharanont, another assemblyman, said he backs Prayuth and most of the chamber also agrees that Prayuth is the best candidate to lead the country at this political juncture. There would be no need to present other candidates. Most surveys also showed that Prayuth had the public's approval, he said.
USD/THB seen between 32.11 - 13 in early trading, with USD/THB remaining heavy after the fall seen last Friday. Expect some support to appear ahead of the 32.00 handle, with stop losses below likely to be safe on the day. The stabilising political situation has seen investors started to pile back in, and within the medium term prices should still delve back below 32.00. 10 year yields last seen trading at 3.50%. C.L
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.