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Baht proving to be Southeast Asia’s most resilient currency

Baht proving to be Southeast Asia’s most resilient currency

Thailand’s currency is proving to be Southeast Asia’s most resilient this month, as a trade surplus cushions the impact of unprecedented outflows from the nation’s bonds. The baht has weakened 1.5 per cent in November, the least after the yuan and Taiwan’s dollar among 11 Asian currencies tracked by Bloomberg. Foreign funds sold a net…