Asian currencies: Thai baht rallies to near 6-month high – Business & Finance
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....