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Currencies

Thailand's record current-account surplus adds muscle to baht

Currency shrugs off prospects for tighter US money as exporters fret

The baht has risen 7% against the dollar since the start of the year, thanks to Thailand's current-account surplus.

BANGKOK -- The baht is at its highest point against the dollar in about two and half years, as Thailand's policymakers and exporters worry that the strong currency could hurt industry.

The baht, unlike other Asian currencies, also appears immune to speculation that tighter U.S. monetary policy will weaken it.

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