Baht gains to three-week high, bonds advance on capital inflows | Bangkok Post: business

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Baht gains to three-week high

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The baht climbed to a three-week high and bonds rose as overseas investors added to their holdings of the country's assets on optimism China's economy is gaining traction. 

The baht advanced for a fifth day on Thursday, the longest winning streak since January, after global funds boosted holdings of Thai stocks by more than US$100 million on each of the last two days, the biggest net purchases since June 28.

Chinese Premier Li Keqiang said on Wednesday that Asia's largest economy can achieve its main targets this year, bolstering the outlook for Thai exports to its biggest market.

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