Home Markets EMERGING MARKETS-Thai baht hits 2-month peak as c.bank policy meeting looms

EMERGING MARKETS-Thai baht hits 2-month peak as c.bank policy meeting looms

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    * Thai baht gains for 3rd straight session
    * Philippine stocks up for sixth session
    * Taiwanese stocks hit highest since Sept 6

    By Arundhati Dutta
    Nov 9 (Reuters) - The baht led gains among emerging Asian
currencies on Tuesday as the dollar fell on inflation concerns,
while Thai stocks inched higher in low-volume trade a day before
the country's central bank meeting. 
    The baht gained up to 0.7%, and was at its
strongest in nearly two months as the greenback dipped, with
traders awaiting key price data in the United States on
Wednesday. 
    Taiwan's dollar, the Philippine peso and the Singapore
dollar gained between 0.1% and 0.3%. 
    Strong inflation likely would rekindle talk of the U.S.
Federal Reserve raising interest rates earlier than expected,
which would be at odds with the policy of most Asian central
banks to hold rates steady to support their pandemic-hit
economies. 
    Optimism over Thailand reopening the country...

Click here for full article…www.reuters.com