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20 Nov 2020

Financial Markets

The Baht rebounded although the BOT announced measures to help balance fund flows while the SET rose continuously on foreign investor purchases


The SET rose early in the week on better-than-expected Thailand’s GDP report for 3Q-2020, before dropping slightly amid concerns towards the domestic political situation. However, the SET soared again around midweek, supported by optimism towards the development of COVID-19 vaccines, S&P Global Ratings’ decision to maintain Thailand’s sovereign credit rating and the view that the Bank of Thailand’s measures to manage the strengthening baht was not as strict as expected.     

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Financial Markets