The USD/THB is higher at 31.70-31.72 vs 31.66 late Tuesday in Asia amid renewed concerns over Italy's debt problems and the slow pace of the global economic recovery, says a dealer at a local bank. The USD/THB has been trading in a tight 31.70-31.75 range throughout the session. However, "exporters are awaiting to sell around 31.80, which should cap the pair's upside," she adds. The pair is tipped to trade in a 31.60-31.80 range Thursday. Players will likely focus on China's 2Q GDP data due Friday for potential trading cues.
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