Thailand's baht rose for a second day after the country posted its first monthly current-account surplus since March. Government bonds were little changed.
Southeast Asia's second-largest economy recorded a US$1.3 billion excess in the broadest measure of trade in August, more than the median forecast in a Bloomberg survey for a $653 million surplus, central bank data showed on Monday. Gains may be limited because of the potential shutdown of the United States government, according to Tohru Nishihama, an economist covering emerging markets at Dai-ichi Life Research Institute Inc.
"The fact that the current-account balance was turning to surplus and the excess was bigger than expected was supportive for the baht and encourages some fund inflows," the Tokyo-based Nishihama said. "The US debt issue should weigh on risk sentiment."