(Bloomberg) -- Thailand's baht held near the
strongest in a decade as overseas investors increased purchases
of the nation's stocks.
The baht headed for the best week since January after rising
through 34 to the dollar for the first time since the Asian
financial crisis of 1997. A break of 36 prompted the government
on Dec. 18 to impose restrictions on capital inflows, a move that
sparked a 3.2 percent decline in the currency that week. Bank of
Thailand Governor Tarisa Watanagase yesterday said the bank was
``working'' to curb the advance.
Read more at Bloomberg Currencies News
strongest in a decade as overseas investors increased purchases
of the nation's stocks.
The baht headed for the best week since January after rising
through 34 to the dollar for the first time since the Asian
financial crisis of 1997. A break of 36 prompted the government
on Dec. 18 to impose restrictions on capital inflows, a move that
sparked a 3.2 percent decline in the currency that week. Bank of
Thailand Governor Tarisa Watanagase yesterday said the bank was
``working'' to curb the advance.
Read more at Bloomberg Currencies News
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