Baht set for best month since September after global stocks rise | Bangkok Post: Most recent

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Baht due best month since September

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The baht headed for its biggest monthly advance since September as gains in global stocks improved risk sentiment, offsetting concern Thailand’s continuing political unrest is damaging growth. 

The MSCI Asia Pacific Index of shares climbed 2.5% in February, snapping three months of declines, and the Standard & Poor’s 500 gauge jumped 4%, the most since October.

Twenty-two people have been killed since protests against Prime Minister Yingluck Shinawatra’s government began in late October. Gross domestic product increased 0.6% in the fourth quarter from a year earlier, the least since the first three months of 2012, official data showed Feb 17.

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