Thai baht at 10-month high on foreign buying of bonds, stocks


The baht firmed as much as 0.8% to 30.210 against the dollar, bringing its gains to about 2.5% since the U.S. election last week resulted in Joe Biden winning the presidency.

BENGALURU: Thailand's baht hit a 10-month peak on Wednesday as foreign investors flocked to the country's high-yielding debt and equity markets after progress in a Covid-19 vaccine trial lifted prospects for the trade- and tourism-dominated economy.

The baht firmed as much as 0.8% to 30.210 against the dollar, bringing its gains to about 2.5% since the U.S. election last week resulted in Joe Biden winning the presidency.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

baht , high-yielding debt , trade , tourism

   

Next In Business News

EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks
HeiTech Padu targets stronger earnings growth after returning to black in 2023
PBOC may up bond trading
Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms

Others Also Read