Baht at highest level since 1997

The baht has surged to its highest level in 13 years on the back of speculation the US Federal Reserve will join the Bank of Japan in pumping funds into the market by stepping up purchases of government debt to revive an economic recovery.The baht appreciated by 0.7 % to close yesterday at 29.94 baht to the dollar, its strongest level since July 25, 1997.

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