Monday, July 16, 2007

Thailand's Baht Falls on Speculation Central Bank to Curb Currency Gains

(Bloomberg) -- Thailand's baht fell, snapping a 13-
day gain that took the currency to the highest in almost a
decade, on speculation the central bank will intervene and
impose new limits to curb gains.

The baht onshore gained 3.4 percent this month, the best-
performer of the 10 most active currencies in Asia. Central bank
Governor Tarisa Watanagase yesterday said the bank will in ``one
to two days'' propose a package of measures, including those to
curb currency fluctuations, to the Finance Ministry.


Read more at Bloomberg Currencies News

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