Thai Baht Drops To 3-day Low Against US Dollar
25 September 2009 - 12:53AM
RTTF2
The Thai baht dropped to 33.7150 against the U.S. dollar in
early Asian trading on Friday. This set a 3-day low for the
Thailand currency. The near term support for the Thailand currency
is seen around the 33.97 level. At Thursday's close, the
dollar-baht pair was quoted at 33.54.
Thailand will provide foreign reserves data for the week ending
September 18. Forecasts call for an increase of 131.2 percent on
year after the 130.6 percent annual increase in the previous
week.
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