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Thailand Business News – Thai Baht Rises After Bhumjaithai Party Wins Election

Article Summary:

The Thai baht strengthened by 1.3%, reaching 31.2 per dollar, following the Bhumjaithai Party’s decisive election victory. This rise signifies a recovery from previous losses and marks a one-week high for the currency, driven by increased market confidence.

The Bhumjaithai Party secured 191 out of 500 seats in the House of Representatives, nearly tripling its previous count from 2023. This outcome enhances market sentiment and mitigates concerns over political instability in Thailand.

The election results indicate a likelihood of policy continuity, particularly concerning social handouts and budget approvals. In contrast, the pro-democracy People’s Party, which led in pre-election surveys, is expected to win around 115 seats. This balance of power could lead to a stable governance framework in the coming months.

Original Article:

Thai Baht Strengthens Following Bhumjaithai Party’s Election Victory

The Thai baht rose 1.3% to 31.2 per dollar, boosted by the Bhumjaithai Party’s election victory, securing 191 seats and enhancing market confidence and policy continuity in Thailand.


Key Points

  • The Thai baht increased by 1.3% to 31.2 per dollar on Monday, recovering from previous losses and reaching a one-week high due to improved market sentiment following the Bhumjaithai Party’s election win.
  • The ruling Bhumjaithai Party secured 191 out of 500 seats in the House of Representatives, nearly tripling its 2023 count, enhancing market confidence and reducing risks of political instability.
  • This election outcome suggests policy continuity regarding social handouts and budget approvals, while the pro-democracy People’s Party, which led in pre-election surveys, is projected to win 115 seats.

Market Sentiment Improvement

The Thai baht rose by 1.3% to 31.2 per dollar on Monday, recovering…

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