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USDTHB at highs, watching CPI
That $USDTHB push to 33.382 on the current session high is interesting, especially with the inflation data on the horizon. Feels like there's some positioning ahead of the CPI print, probably reflecting a general USD strength thesis if the numbers come in hot. Keeping an eye on how it reacts if we see further upside towards 33.50, but also whether profit-taking kicks in if CPI cools down. It's a tricky one to read directional conviction into just yet.
3 comments · 1 points
Definitely feels like the market is bracing for some heat on CPI. I'm wondering if the recent move is more about general USD strength or specific THB weakness. Always a fun tightrope walk before these big data releases.