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Thai Baht Gains on Capital Inflows & Central Bank’s Statement

August 20, 2010 at 10:27 by Vladimir Vyun

Thai bahtThe Thai baht gained today as the outlook for the economic growth in Asia increased the inflows of the global funds in the region and after the central bank suggested that it wouldn’t limit the currency’s appreciation.

Thailand’s central bank said that it’s “not concerned” with the baht’s gains as long as the baht moves in line with other Asian currencies. The Asian developing economies expected to expand 9.2 percent this year, attracting more and more investors to the region.

USD/THB fell from 31.55 to 31.49 today as of 8:27 GMT, following the advance to 31.65.

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

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