Speculators push up baht again
- Published: 22 Feb 2013 at 11.19
- Online news:
The value of the baht advanced Friday, halting a two-week loss, on speculation that the country's accelerating economic growth will attract investment.
Gross domestic product (GDP) rose a record 18.9 per cent year on year during the last quarter, taking 2012's rate to 6.4 per cent. That was more than the 6.1 percent in Indonesia, the only economy in the region that is larger than Thailand's.
Overseas funds bought $1.9 billion more sovereign notes than they sold in February, according to the Thai Bond Market Association, while 10-year debt yields fell three basis points this week to 3.62 per cent.
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