Baht up on Fed's decision
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Thai baht has strengthened today, to Bt35.57 per US dollar as of 3.39pm, following the US Federal Reserve Board's decision last night to maintain the interest rates.
The baht closed Bt35.75 yesterday.
According to AFP, emerging market currencies - which have fallen nearly 20 per cent in the past year - edged up in choppy trade, but they are still on course for a rare weekly gain against the dollar.
"Dollar-selling sentiment emerged following the Fed's decision, but the market still expects a rate hike in the future," said Yosuke Hosokawa, head of FX sales team at Sumitomo Mitsui Trust Bank.
The dollar edged down to Sg$1.3968 from Sg$1,3971, and to 4.2300 Malaysian ringgit from 4.2458 ringgit.
