(Bloomberg) -- Thailand's baht fell, snapping a 13-
day rally that brought it near a decade high, after governor
Tarisa Watanagase yesterday said the central bank will propose
new measures to limit currency fluctuations.
The baht, the best performer of the 10 most active Asian
currencies this month, today had its biggest intraday drop in a
week in onshore trade. Prime Minister Surayud Chulanont
yesterday said ``what we can do is try to stabilize the baht,''
spurring speculation authorities will purchase U.S. currency.
Read more at Bloomberg Currencies News
day rally that brought it near a decade high, after governor
Tarisa Watanagase yesterday said the central bank will propose
new measures to limit currency fluctuations.
The baht, the best performer of the 10 most active Asian
currencies this month, today had its biggest intraday drop in a
week in onshore trade. Prime Minister Surayud Chulanont
yesterday said ``what we can do is try to stabilize the baht,''
spurring speculation authorities will purchase U.S. currency.
Read more at Bloomberg Currencies News
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