The baht weakened by the most in more than three months on Friday, paring a last week's gain, after minutes of a Federal Reserve meeting indicated the monetary authority will probably end its bond-buying programme this year.
Fed members were divided between a mid- or end-of-year finish to the debt purchases that have helped boost demand for riskier assets, according to the minutes of last month's meeting released on Thursday in Washington. The baht touched a 10-month high on Friday as foreign funds bought $36 million more local stocks than they sold last week, exchange data show.
''Funds will continue to pour into Thailand and I don't think this trend will reverse too soon,'' said Kozo Hasegawa, a foreign-exchange trader in Bangkok at Sumitomo Mitsui Banking Corp.
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