Thai baht hits 13-month high against dollar on economic hopes

Digital wallet policy, U.S. rate speculation sway exchange rates

20240826N bank of thailand

The Bank of Thailand is watching for government policies under new Prime Minister Paetongtarn Shinawatra. (Photo by Rie Ishii)

AOI IIDA, Nikkei staff writer

TOKYO -- The Thai baht touched the upper 33 range against the dollar during Monday trading in Tokyo, its strongest since July 2023, on hopes of an economic boost from Thailand's digital wallet initiative.

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