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Thai Baht Rallies on Positive Sentiment, Loses Gains

August 9, 2013 at 10:01 by Vladimir Vyun

Thai baht banknotesThe Thai baht was rising because of the positive market sentiment, but was unable to keep gains and currently trades below the opening level against the US dollar.

The positive data from China eased concerns about slower economic growth and boosted Asian currency, as well as other currencies associated with risk. Most of Thai exports go to China, making the good news from the Asian country especially beneficial to the baht. Yet the currency failed to keep gains and retreated as of now.

USD/THB rose from 31.1800 to 31.2550 as of 10:01 GMT today after falling to 31.1750 earlier.

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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