(Bloomberg) -- The Thai baht will extend its gains
from the highest in almost a decade as interest rate cuts prompt
overseas investors to buy the nation's stocks, UBS AG said.
The currency, which closed yesterday at 33.47 per dollar in
Bangkok, will climb 1.4 percent to 33 within a month, said Nizam
Idris, a Singapore-based currency strategist at UBS, the world's
second-biggest currency trading firm. The baht has gained 3.4
percent over the past month, the best performance among 42
currencies in the Asia-Pacific region.
Read more at Bloomberg Currencies News
from the highest in almost a decade as interest rate cuts prompt
overseas investors to buy the nation's stocks, UBS AG said.
The currency, which closed yesterday at 33.47 per dollar in
Bangkok, will climb 1.4 percent to 33 within a month, said Nizam
Idris, a Singapore-based currency strategist at UBS, the world's
second-biggest currency trading firm. The baht has gained 3.4
percent over the past month, the best performance among 42
currencies in the Asia-Pacific region.
Read more at Bloomberg Currencies News
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