Thursday, July 5, 2007

Thai Baht Rises Past 34 to the Dollar for First Time Since September 1997

(Bloomberg) -- Thailand's baht rose to the highest in
almost a decade against the dollar on speculation a rally in the
nation's equities was drawing overseas investors.

The baht advanced 0.6 percent to 34.01 against the dollar in
onshore trading as of 2:50 p.m. in Bangkok, according to data
compiled by Bloomberg. The currency earlier reached 33.99,
strengthening past 34 for the first time since September 1997.


Read more at Bloomberg Emerging Markets News

No comments: