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Article: Security concerns just one reason behind slight weakening of baht.
- Article from:
- Bangkok Post (Bangkok, Thailand)
- Article date:
- August 25, 2006
CopyrightCOPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Parista Yuthamanop
Aug. 25--The baht weakened slightly yesterday against the US dollar following reports that security services had foiled an attempted car bombing near the home of caretaker prime minister Thaksin Shinawatra.
The baht was trading late yesterday at 37.66/69 to the dollar, against 37.60/63 on Wednesday.
While traders said some investors had sold the currency on domestic security concerns, external factors played a greater role in the baht's decline.
They pointed out that the US dollar had gained steadily in recent days against the euro due to worse-than-expected economic data from Europe.
The baht has ...
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