Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Baht Gains on Optimism Policy Makers to Contain Europe’s Crisis

Nov. 28 (Bloomberg) -- Thailand’s baht advanced the most in three weeks on optimism policy makers in Europe will act to contain the region’s debt crisis.

German Finance Minister Wolfgang Schaeuble called for fast-track treaty changes to tighten budget discipline to calm markets. The MSCI Asia-Pacific Index of shares climbed after retail sales in the U.S. over the Thanksgiving weekend surged 16 percent to a record. The baht touched the weakest level in 15 months earlier as a report today showed factory output fell by the most in more than a decade last month as the nation’s worst floods in almost 70 years swamped factories.

“Risk sentiment is temporarily improving,” said Tohru Nishihama, an economist at Dai-ichi Life Research Institute Inc. in Tokyo. “The bad economic data for Thailand due to the floods has already been priced in.”

The baht advanced 0.3 percent, the most since Nov. 4, to 31.32 per dollar as of 3:22 p.m. in Bangkok, according to data compiled by Bloomberg. It touched 31.45 earlier, the weakest level since August 2010. The currency may trade between 31 and 32 this week, Nishihama said.

The industrial production index slumped 35.8 percent in October from a year earlier, after dropping a revised 0.33 percent the previous month, the Office of Industrial Economics said in a statement today.

The yield on the government’s 3.25 percent bonds due June 2017 fell two basis points, or 0.02 percentage point, to 3.32 percent, according to data compiled by Bloomberg.

To contact the reporter on this story: Yumi Teso in Bangkok at

To contact the editor responsible for this story: Sandy Hendry at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.