Thailand’s Baht Soars Higher
photo by Glynda Getape-Marcelo
Six months after Thailand's central bank triggered a one-day market collapse by imposing stringent capital controls to stem the surging baht, the currency continues to strengthen with no end in sight as the US dollar weakens. After rising nearly 14 percent from 41.07 to the dollar in January 2006, to 35.37 when the central …
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