Thailand’s baht gained Thursday, extending a rebound from last month’s three-year low to 4.2 percent, as US lawmakers’ failure to resolve a budget impasse damped demand for the dollar. Government bonds advanced.
President Barack Obama said he was “exasperated” with Republican lawmakers, while House Speaker John Boehner said Obama refused to negotiate in a meeting with congressional leaders.
China’s non-manufacturing purchasing managers’ index rose to a six-month high of 55.4 last month, data showed today. Thailand’s exports climbed in August, snapping three months of declines, and the current-account balance showed a surplus for the first time since March, according to official figures.
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