Thai baht rises to 31.06 to the dollar

Bloomberg: Baht Rises to 13-Year High as Growth Outlook Boosts Inflows:

Sept. 6 (Bloomberg) — Thailand’s baht rose to the strongest level since 1997 as the outlook for economic growth and speculation interest rates may rise further encouraged investors to pour money into the nation’s stocks and bonds.

The baht gained 0.4 percent to 31.07 per dollar as of 1:32 p.m. in Bangkok and touched 31.06, according to data compiled by Bloomberg. That’s its highest level since August 1997, when the currency’s collapse helped trigger the Asian financial crisis.

Published by Newley

Hi. I'm Newley Purnell. I cover technology and business for The Wall Street Journal. I use this site to share my stories and often blog about the books I'm reading, tech trends, sports, travel, and our dog Ginger. For updates, get my weekly email newsletter.

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