Thailand: Baht weakens as foreign investors sell off short term bonds worth THB4 billion in 2 days
The baht opened at 33.43 to the US dollar on Friday, weakening from Thursday’s closing rate of 33.36. The Thai currency is likely to move between 33.35 and 33.50 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is weakening after the foreign investors had sold […]
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