(Bloomberg) -- Thailand's baht fell, snapping a 13-
day rally that brought it near a decade high, after Governor
Tarisa Watanagase said yesterday the central bank will propose
new measures to limit currency fluctuations.
The baht, the best performer of 10 of the most-active Asian
currencies this month, today had its biggest drop in a week in
onshore trade. Prime Minister Surayud Chulanont yesterday said
``what we can do is try to stabilize the baht,'' spurring
speculation authorities will purchase the U.S. currency.
Read more at Bloomberg Currencies News
day rally that brought it near a decade high, after Governor
Tarisa Watanagase said yesterday the central bank will propose
new measures to limit currency fluctuations.
The baht, the best performer of 10 of the most-active Asian
currencies this month, today had its biggest drop in a week in
onshore trade. Prime Minister Surayud Chulanont yesterday said
``what we can do is try to stabilize the baht,'' spurring
speculation authorities will purchase the U.S. currency.
Read more at Bloomberg Currencies News
No comments:
Post a Comment