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Bank of Thailand to step up moves to restrain the baht's surge

BANGKOK (Bloomberg): The Bank of Thailand reiterated its concern about the baht’s persistent strength on Wednesday, but said cutting the key interest rate may have only a limited impact in dealing with currency’s ascent and instead flagged a preference for using a range of tools.

Full-blown currency war can no longer be ruled out, Pimco says

HONG KONG: A full-blown currency war where major central banks and governments, including the U.S., deliberately weaken their currencies can no longer be ruled out, Pacific Investment Management Co.’s global economic adviser Joachim Fels wrote in a report.

Rising oil prices lift ringgit against US$


KUALA LUMPUR: The ringgit continued its upward momentum last week to open higher against the US dollar today, spurred by improved buying interest for the local unit, said a dealer.

Dollar slides for third day on US rate cut bets

NEW YORK: The dollar weakened for a third straight session on Friday, still pressured by expectations the Federal Reserve will start cutting interest rates at a monetary policy meeting later this month.

Against a basket of other currencies, the dollar fell 0.1% to 97.004, posting its worst daily loss against the yen and Swiss franc in more than three weeks.

Ringgit extends upward momentum on shift towards emerging currencies

KUALA LUMPUR: The ringgit continued its upward momentum to open higher against the US dollar today, driven by investors’ shift towards emerging currencies including the ringgit due to persistent doubts over the global economic outlook, said a dealer.