(Bloomberg) -- The Thai baht will extend its gains
from the highest in almost a decade as interest-rate cuts prompt
overseas investors to buy the nation's stocks, UBS AG said.
The currency, which traded at 33.20 per dollar at 10:57 a.m.
in Bangkok, will climb to 33 within a month, said Nizam Idris, a
Singapore-based strategist at UBS, the world's second-biggest
currency trading firm. The baht has gained 3.8 percent over the
past month, the best performance among 42 currencies in the
Asia-Pacific region.
Read more at Bloomberg Currencies News
from the highest in almost a decade as interest-rate cuts prompt
overseas investors to buy the nation's stocks, UBS AG said.
The currency, which traded at 33.20 per dollar at 10:57 a.m.
in Bangkok, will climb to 33 within a month, said Nizam Idris, a
Singapore-based strategist at UBS, the world's second-biggest
currency trading firm. The baht has gained 3.8 percent over the
past month, the best performance among 42 currencies in the
Asia-Pacific region.
Read more at Bloomberg Currencies News
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