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Bangkok Post
Bangkok Post
Business

INSANE: Thai baht soars 1 on rate hike drum roll - The Real Truth

The baht appreciates more than 1% ahead of the meeting of the Monetary Policy Committee. (Bangkok Post photo)

The baht appreciated more than 1% on Monday, logging a strong start to the month which is expected to see the country finally join its regional and global peers in normalising its pandemic-era stimulus policy as the economy gains traction.

Japan's yen was trading at an over six-week high, firming more than half a percent as the US dollar drifted near its three-week low, while rest other Asian currencies traded slightly lower against the greenback.

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