(Bloomberg) -- Thailand's baht gained, heading for
the highest close in almost a decade in onshore and offshore
markets, as global funds bought more of the nation's equities.
The currency also gained as companies convert overseas
earnings to take advantage of its appreciation. Prime Minister
Surayud Chulanont today said the government is trying to
stabilize the baht to help exporters. It has stopped short of
tightening curbs on foreign investment, which created the dual
exchange rate system when they were introduced in December.
Read more at Bloomberg Currencies News
the highest close in almost a decade in onshore and offshore
markets, as global funds bought more of the nation's equities.
The currency also gained as companies convert overseas
earnings to take advantage of its appreciation. Prime Minister
Surayud Chulanont today said the government is trying to
stabilize the baht to help exporters. It has stopped short of
tightening curbs on foreign investment, which created the dual
exchange rate system when they were introduced in December.
Read more at Bloomberg Currencies News
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