Baht, Taiwan dollar tussle for supremacy in AsiaTourists stand near a bank branch with a foreign exchange board on Sukhumvit Road in Bangkok on Thursday. Both the baht, which took the regional crown with a 9% gain last year versus the US dollar, and the Taiwanese dollar climbed above the psychologically significant 30-per-dollar level this week. Scotiabank, among the top forecasters for the Thai currency last year, recommends investors place long bets on the Taiwan dollar and use the baht to fund the purchase. "The Taiwan dollar is expected to rally further amid continued capital inflows," said Qi Gao, a Singapore-based strategist with the Canadian bank, which was consistently ranked by Bloomberg as among the top three forecasters for the baht last year. And if momentum is any indication, the Taiwan dollar may be poised to move into the lead.

Source: Bangkok Post January 03, 2020 06:56 UTC