Thailand's baht advanced to a two-week high as better-than-expected data from China improved the Southeast Asian country's export outlook. Government bonds fell.
Chinese overseas sales increased 11.6% in October from a year earlier, according to official figures released Nov 10. The median estimate in a Bloomberg survey was for a 10% gain. The world’s second-biggest economy is Thailand's largest export market, taking 11.7% of its shipments in the first nine months of this year.
"China's economy is beginning to improve, which is positive for other Asian countries," said Yuji Kameoka, chief currency strategist at Daiwa Securities Co in Tokyo. "Good data from China also improves risk sentiment among investors."
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