Baht eases on action concerns | Bangkok Post: business

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Baht eases on action concerns

  • Published: | Viewed: 1,621 | Comments: 0
  • Newspaper section: Business
  • Writer: Parista Yuthamanop & Wichit Chantanusornsiri
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The baht yesterday weakened to above 29 to the US dollar, while offshore investors pulled their money out of both bond and equity markets as they fretted over potential measures to be launched by the Bank of Thailand to rein in the local currency. 

The baht fell to the day's trough of 29.18 to the dollar yesterday, the strongest level in more than a year, before bouncing back to 29.08/29.12 at around 6pm, easing from 28.91/28.94 Wednesday.

Foreign investors yesterday sold 6.59 billion baht and 1.82 billion baht more than they bought in the equities and bond markets, respectively.

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