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18 Dec 2020

Financial Markets

The Baht strengthened past the THB30.00/USD levelwhile the SET dropped on sell-offs of institutional and foreign investors


The SET dropped early in the week on sell-offs of institutional and foreign investors, before rebounding around midweek, supported by hopes towards US economic stimulus measures, Fed’s signals for further monetary easing and the progress on COVID-19 vaccine development. However, the SET dropped again at the end of the week, because investors were concerned about the COVID-19 situation at home and abroad, plus pressure from FTSE rebalance (FTSE reduced its weight on Thai stocks).  


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Financial Markets