Thailand: Baht under pressure from foreign outflows
The baht opened at 33.51 to the US dollar on Friday, unchanged from Thursday’s closing rate. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.40 and 33.60 during the day. Poon said the baht will continue to swing sideways. The Thai currency is being pressured by the strengthening dollar after […]
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