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11 Dec 2020

Financial Markets

The Baht tested the THB30.00/USD level while the SET continued to rise on hopes for COVID-19 vaccines


The SET rose throughout the week amid positive news regarding the development of COVID-19 vaccines that boosted expectations about the economic recovery. The SET was also driven by banking and technology stocks, plus foreign investors’ net buying positions. However, the SET pared gains somewhat before a long holiday while investors continued to monitor risk factors, particularly the COVID-19 situation at home.

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Financial Markets