Thai Baht Strengthens to 30 Baht per Dollar in Two Weeks

Kasikorn Research Center highlighted that the Thai baht strengthened to 30.93 baht per US dollar, its strongest level in two weeks. This movement follows the recovery of global gold prices, which returned above $5,000 per ounce, and was supported by continuous net purchases of Thai stocks and bonds by foreign investors after the national election. The strengthening occurred amid hopes for political stability and continuity in the new government's economic policies. Experts recommend monitoring key economic indicators including Thailand's Q4 GDP, domestic political situations, foreign fund flows, Asian currency movements, and global gold prices.