(Bloomberg) -- Thailand's baht had the biggest gain
in more than five months 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 in July.
Read more at Bloomberg Currencies News
in more than five months 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 in July.
Read more at Bloomberg Currencies News
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