The baht strengthened yesterday, snapping a two-day decline, as foreign investors added to their holdings of local assets on optimism that economic growth will pick up this year.
Overseas funds bought more Thai shares than they sold for an 12th day on yesterday, the longest stretch of net purchases since September, ahead of anti-government protests this weekend.
"The baht will be trading in a tight range," said Chutima Nuphan, a foreign-exchange trader at TMB Bank. "We saw net buying in stocks. But we have to wait and see what the situation will be during the protests."
The baht rose to 32.65/70 per dollar in Bangkok, against 32.69/74 on Tuesday.
