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 Bonds, Currencies & Commodities
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22 Aug 06 18:39
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Baht to strengthen on current account
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analysts say...
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Bloomberg
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(Bloomberg) JPMorgan Chase & Co, the third- biggest U.S. bank, reversed its forecast for a weaker Thai baht, calling for gains after the nation's current account returned to a surplus.
The trade deficit narrowed in July from a month earlier on higher demand for exports and declining oil imports, the commerce ministry said yesterday. Thailand on July 31 unexpectedly posted a current-account surplus of $65 million for June, compared with a $936 million deficit for May.
``The baht will rise at a...
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