Thai Baht Rises to Seven-Month High on Export Rebound, Inflows
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The baht climbed to a seven-month high after Thailand’s exports rebounded and global funds increased investment in the nation’s assets.
The currency advanced as much as 0.4 percent to 31.993 per dollar, the strongest since Dec. 17, before trading at 31.995 as of 3:35 p.m. in Bangkok. It has gained 1.4 percent in July, the second-best performance among 24 emerging-market exchange rates tracked by Bloomberg. The SET Index of shares rose 0.3 percent to 1,537.99, headed for its highest close since June 2013.