Straits Times Index
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USD/THB (THB=X)
| Previous close | 37.1150 |
| Open | 37.1160 |
| Bid | 37.3400 |
| Day's range | 37.1160 - 37.4180 |
| 52-week range | 32.0700 - 38.4440 |
| Ask | 37.3900 |
- Reuters SG
EMERGING MARKETS-Thai baht leads declines among weak Asian currencies
* Most Asian currencies drop * Thai baht weakens 0.9% * Asian equities broadly higher By Upasana Singh Sept 29 (Reuters) - Most Asian emerging currencies slipped on Thursday, dragged by a strong dollar, with the baht leading losses following a recent rate hike that market participants say was not enough to fight Thailand's 14-year high inflation levels. The Bank of Thailand (BOT), among Asia's least hawkish banks, raised its key interest rate for the second straight time on Wednesday, lifting it by a quarter point as expected. "Relative to the local inflation rate, the BOT policy rate has done very little to close the gap and lessen the negativity of real policy rates," said Robert Carnell, regional head of research Asia Pacific at ING.
- Reuters SG
EMERGING MARKETS-Thai baht extends losses after rate hike; recession woes hurt Asia FX
* Thai central bank hikes rates by 25 bps, as expected * South Korean won, shares lead losses * Indian rupee hits record low * Indonesia's rupiah at over 2-yr low By Upasana Singh Sept 28 (Reuters) - Thailand's baht extended losses on Wednesday after the country's central bank hiked interest rates by 25 basis points (bps) in a widely anticipated move, while other currencies in the region also weakened against the U.S. dollar. The Bank of Thailand (BOT), which has lagged its regional peers in the scale of monetary tightening, raised its key rate for a second straight meeting, in a bid to tame inflation and ensure a continued economic recovery.
- Reuters SG
EMERGING MARKETS-Thai baht leads Asian currencies higher as dollar takes a breather
* BOK raises rates by 25 bps, as expected * PBOC sets firmer-than-expected official guidance * Eyes on Fed's Jackson Hole symposium * Bearish bets on yuan at 3-month high - Reuters poll By Upasana Singh Aug 25 (Reuters) - Thailand's baht and South Korea's won were the top gainers among Asian emerging currencies on Thursday as the dollar retreated ahead of the U.S. Federal Reserve's Jackson Hole conference. Kuala Lumpur's main stock index gained 1.7%, while Singapore's benchmark index led declines in the region by losing 2.1%. The spotlight is squarely on Fed Chair Jerome Powell's speech at the annual monetary policy conference in Jackson Hole, Wyoming, due to begin on Friday.
