Thai baht rises above $/33 level
The Thai baht rose above 33 against US dollar on Tuesday, as the greenback weakened on weak job data.
At 5.18pm, the baht was at 32.75, rising sharply from the intraday high of 33.01. The currency had been below the $/33 level since January 3.
According to AFP, the greenback was mixed against other Asia-Pacific currencies.
It gained against Singapore dollar, Korean won and Philippine peso. But it eased eased to 61.51 Indian rupees from 61.54 rupees and to 11,990 Indonesian rupiah from 12,043 rupiah.
The dollar plunged after the US Labor Department said Friday that the world's biggest economy added a mere 74,000 jobs in December, well below the consensus estimate of 197,000.
The figures raised speculation the Federal Reserve will delay a further reduction in its stimulus programme, a negative for the dollar.
