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 Bonds, Currencies & Commodities
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07 May 06 19:50
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Baht set to stay strong
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TNA
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The Thai currency is projected to continue strengthening over the next few years, as the United States tries to keep its currency weak in order to solve its huge trade deficits.
KGI Securities director of analysis Adisak Kammool forecasts that the Thai baht will continue strengthening in the next two to three years and could climb to as high as Bt35-36 a US dollar.
Foreign funds have transferred their investment and reduced their holding of US dollars and moved their funds to invest in equity...
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