Yuji Kameoka News
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Asian currencies completed the first weekly loss in more than a month on speculation the yen’s slide to beyond 101 per dollar will prompt some regional policy makers to weaken their exchange rates to protect exports.
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Thailand’s baht fell by the most in a week on speculation of interest-rate cuts after Finance Minister Kittiratt Na-Ranong said he will meet the central bank’s monetary policy committee on May 13.
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Thailand’s baht, Asia’s best- performing currency this year, fell to a two-week low on speculation slowing inflation will make the central bank more inclined to curb appreciation that threatens exports.
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Japanese life insurers may increase holdings of foreign bonds in the fiscal second half on speculation a recovery in the U.S. will limit gains in the yen, according to Daiwa Institute of Research.
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Thailand’s baht rose to its strongest level since July 1997 amid optimism the nation’s improving economy will draw more funds from abroad.
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The following are the day's top business stories:
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Thailand’s baht rose for a second day as gains in U.S. equities and economic indictors boosted risk sentiment and brightened the outlook for Asian exports.
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Thailand’s baht headed for the biggest monthly advance since July 2011 as international investors increased holdings of the nation’s assets, while the central bank upgraded its economic growth forecast.
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Thailand’s baht climbed, snapping a three-day decline, on optimism regional stock gains and the Southeast nation’s economic growth will spur capital inflows. Government bonds fell for a third day.
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Thailand’s government bonds and the baht rose as the central bank held borrowing costs at the lowest level since 2011 to support the economy.
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