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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
THB
The baht cements its early gains, comfortably outperforming all of its regional peers. Spot USD/THB last deals -0.302 at THB35.460, consolidating below its 50-DMA.
- The benchmark SET Index is little changed on the day, consolidating yesterday's gains. The index printed fresh two-month highs in the process.
- Sentiment has been bolstered by FinMin Arkhom's call for a modest pace of monetary policy normalisation.
- Elsewhere, the news that the gov't will downgrade the epidemiological risk posed by COVID-19 from October bodes well for the domestic tourism sector.
- Note that foreign demand for local assets picked up on Monday, with global funds buying a net $125.97mn of equities, per data from the Thailand Stock Exchange. This represented the largest net equity inflow since June 1.
Fig. 1: Thailand Stock Exchange Foreign Investors Net Flows ($)
Source: Bloomberg/Thailand Stock Exchange
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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