Wednesday, July 4, 2007

Thai Baht Strengthens on Fund Inflows to Stocks; South Korean Won Declines

(Bloomberg) -- Thailand's baht strengthened to near
the highest in a decade on speculation a stock market rally will
attract more overseas investors.

The baht gained for a sixth day in onshore trading after the
key stock index yesterday climbed to the highest since January
1997. The currency also advanced on optimism rising exports will
boost the current-account surplus.


Read more at Bloomberg Currencies News

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