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Thai reluctance to invest abroad likely to thwart bid to weaken strong baht

The central bank relaxed foreign exchange rules on Monday but instead of weakening, the baht hit a near 23-month high of 33.94 per US dollar.


IF recent history is anything to go by, letting Thais invest more money abroad is unlikely to spur major outflows, and that will mean continued firmness for the baht - and continuing frustration for Thai exporters.

Authorities in Thailand, which has large current-account...

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