Baht sizzles amid new year inflows | Bangkok Post: business

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Baht sizzles amid new year inflows

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A surge in short-term foreign investment has strengthened the baht rapidly since the beginning of the year, but regulators and analysts expect the fast pace to ease soon. 

Niwat Kanjanaphoomin, president of the Thai Bond Market Association, said short-term foreign investment flows increased by 5 billion baht in the middle of last week from the beginning of the year, with short-term bond purchases skyrocketing the past few days.

He said the flows will likely decline in a few months as public debt crises in Europe and the US ease.

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