archiveThai baht

BENGALURU: The Thai baht weakened on Friday and was set for its biggest weekly drop in four months as political uncertainty weighed on already fragile sentiment, while other regional currencies were also headed for weekly losses on Middle East tensions. The baht fell 0.4% in its fifth session of losses and was on course to log its worst week since late February. Prime Minister Paetongtarn Shinawatra was facing the prospect of losing her government’s majority as the United Thai Nation party, a vital coalition partner, looked set to demand her...

BENGALURU: The Thai baht surrendered early gains on Thursday after the commerce minister called for a weaker currency to bolster exports, while the Philippine peso lagged regional peers over mounting political uncertainty in the Southeast Asian country. Overall, Asian currencies gained on a weak dollar while equities fell. Thailand’s currency fell 0.3% to 32.825 per US dollar after rising 0.5% earlier in the day. Equities in Bangkok traded 0.3% lower. Pichai Naripthaphan, the country’s commerce minister, said he wanted a weaker baht to support exports and that a level of...

BENGALURU: Emerging Asian equities ticked higher on Thursday as investors assessed trade negotiations between the US and Japan although concerns over the economic impact of US trade policies kept sentiment in check. The MSCI index of emerging Asian equities climbed as much as 0.8% following an over 1% drop on Wednesday, while a gauge of ASEAN stocks advanced for a seventh straight session to a two-week high. South Korea’s KOSPI index rose as much as 1% as the central bank held its interest rate steady, as widely expected, and signalled...

BENGALURU: Stock markets in emerging Asia fell on Wednesday, snapping a four-day winning streak, as US curbs on some Nvidia chip exports to China amplified trade tensions between the top economies. Among currencies, the Thai baht surged as much as 33.22 per US dollar for the first time since October 21, 2024, driven by a softer greenback, record high gold prices and China’s better-than-expected economic growth in the first quarter. Thailand is a major gold trading hub in the region, and its currency is closely linked to the commodity’s price....