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Bangkok Post
Bangkok Post
Business

Baht posts biggest gain in a week

US Federal Reserve Pita Limjaroenrat United States
(Bangkok Post File Photo)

The baht and the South Korean won led gains among Asian currencies in an overall positive session on Tuesday as the dollar lost ground after US Federal Reserve officials signalled their rate-tightening cycle was nearing its end.

The baht rose 0.8% in its biggest intraday jump in a week. After trading below 35 to the dollar for several days, it was quoted at around 34.80 in offshore markets on Tuesday. 

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