Thai exporters last week had called on the central bank to ensure the baht did not appreciate beyond the 30 per dollar mark, which is critical to keep them globally competitive.
BENGALURU: The Thai baht jumped to a more than seven-year high and breached a major resistance level on Thursday, as investors bet the country's inclusion on a U.S. currency watch list might weaken the central bank's determination to slow the currency's gains.
The baht firmed 0.6% to 29.83 per U.S. dollar. Thai exporters last week had called on the central bank to ensure the baht did not appreciate beyond the 30 per dollar mark, which is critical to keep them globally competitive.
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