Foreign inflows drive baht past 31

The baht has surged past 31 per US dollar on the back of month-to-date net foreign inflows moving into local equities and bonds, a motion contrary to Thailand’s sputtering economic outlook. The local currency has strengthened by 2.7% against the dollar since the end of May, ranking third after Indonesia’s rupiah and South Korea’s won, according to the Bank of Thailand.

Source: Foreign inflows drive baht past 31

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