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Sunday, April 28, 2024

Baht depreciates further; other Asian FX steady

Dollar steady near 10-month high, as Asia stocks largely gain

One-thousand-baht banknotes are seen at a Kasikornbank in Bangkok. (Photo: Reuters)

BENGALURU – Thailand’s baht slumped to its lowest in more than 10 months on Thursday, hit by persistent worries over the country’s fiscal outlook, while other Asian currencies steadied after recent losses against a rallying United States dollar.

The baht fell as much as 0.3%,…

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