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Thai Baht Rises, but Remains Under Pressure

June 30, 2010 at 14:55 by Vladimir Vyun

Thai bahtThe Thai baht rose today after it previously fell as the political turmoil drove away the investors and prompted them to take away the fund from the nation’s equities.

The foreign investors took away $1.88 billion from the nation’s stocks since March, following the $1.31 billion net purchases in the first three months of 2010. The analysts say that the baht would remain under pressure as the stocks falls and the concerns for China’s growth increase the risk aversion sentiment.

USD/THB traded near 32.25 as of 12:55 GMT today down from the opening price of 32.40.

If you have any questions, comments, or opinions regarding the Thai Baht, feel free to post them using the commentary form below.

Earlier News About the Thai Baht:

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