Thailand's baht was set for its biggest weekly advance in a month and government bonds rose as foreign funds pumped money into local assets on signs the political situation is stabilising.
Overseas investors have bought a net US$604 million of Thai stocks and $1.1 billion of the country’s debt since the end of February as anti-government protesters removed blockades in Bangkok and authorities lifted an emergency decree.
The baht has rallied in line with regional peers on the back of dollar weakness, Bank of Thailand spokeswoman Roong Mallikamas said yesterday. The currency fell the most in three weeks today as the MSCI Asia Pacific Index of shares slumped.
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