Thursday, 12 July 2007

Thai Baht Gains for 12th Day on Expectations Stock Inflows Will Continue

(Bloomberg) -- Thailand's baht extended gains to a
12th day, trading at the strongest in almost a decade, on
speculation investor inflows to the stock market will keep
pressure on the currency to appreciate.

The baht rose 0.2 percent to 33.24 per dollar in onshore
trading as of 9 a.m. in Bangkok, from 33.33 yesterday, taking the
advance this week to 2.3 percent, according to data compiled by
Bloomberg. In the offshore market, the baht climbed 0.1 percent
to 30.88.


Read more at Bloomberg Emerging Markets News

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