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Recovery seen shallow without USD fade – OCBC

Christopher Wong at OCBC notes USD/THB’s recent rebound is running into interim resistance around 33.40 after a sharp move higher. Bank of Thailand officials attribute THB weakness mainly to broad USD strength and Thai equity outflows, while signalling readiness to manage excessive FX moves. Softer Oil may slow USD/THB upside, but THB recovery could stay shallow unless USD momentum fades and Gold prices stabilise.Interim resistance caps rebound”USD/THB’s rebound is showing signs of running into interim…

Business

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Gas prices under scrutiny as Bessent vows to hold retailers accountable

Treasury Secretary Scott Bessent warned gasoline retailers that the Trump administration is “watching” pump prices and expects them to pass lower oil costs on to Americans. Speaking on “Fox & Friends,” Bessent’s comments came a day after President Donald Trump urged gas stations to lower prices to around $2.50 per…

Markets

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Disney M class action settlement covers YouTube TV subscribers

Disney is set to pay out a $50 million settlement in a class action lawsuit that alleged the entertainment giant broke antitrust and consumer protection laws by pushing prices for streaming subscriptions higher. The settlement follows a 2022 federal class action lawsuit that was filed by YouTube TV and DirecTV…

Investing

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