(Bloomberg) -- Thailand's baht climbed to the
strongest in almost a decade on speculation exporters
accelerated buying of the currency after it rose beyond 34 to
the dollar.
Foreign purchases of Thai stocks have pushed the currency
to the highest since the Asian financial crisis, eroding
overseas earnings of the nation's food producers and
manufacturers. Bank of Thailand Governor Tarisa Watanagase urged
exporters to refrain from ``panic'' selling of U.S. dollars as
the baht took its advance to almost 3 percent the past nine days.
Read more at Bloomberg Currencies News
strongest in almost a decade on speculation exporters
accelerated buying of the currency after it rose beyond 34 to
the dollar.
Foreign purchases of Thai stocks have pushed the currency
to the highest since the Asian financial crisis, eroding
overseas earnings of the nation's food producers and
manufacturers. Bank of Thailand Governor Tarisa Watanagase urged
exporters to refrain from ``panic'' selling of U.S. dollars as
the baht took its advance to almost 3 percent the past nine days.
Read more at Bloomberg Currencies News
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