The baht continued to weaken after the resignations of Deputy Prime Minister Somkid Jatusripitak and four other key officials. The baht is now Asia's weakest currency against the US dollar on a year-to-date basis, down 5.5%, according to Reuters. For the first five months of the year, net foreign outflow from the Thai bond market stood at 150 billion baht. But the market booked net foreign capital inflows worth 30 billion baht in June and a further 10 billion baht in July. But Thailand's stock market has seen net foreign outflow worth 221.6 billion baht year-to-date.

Source: Bangkok Post July 16, 2020 22:30 UTC