Covid-19 second wave leads to surge in demand for safe-haven assets
Investors are likely to shift from risk assets to safe-haven assets due to uncertainty following the second wave of Covid-19 pandemic, experts said.
The baht this week moved between 30.94 and 31.24 against the dollar.The dollar strengthened due to uncertainty following rising Covid-19 cases in the US and China, pushing up demand for the dollar and yen, which are low-risk currencies.
The Nation Reporter
