11.   But the pact also caused the rise of currencies like the Thai baht and the South Korean won, which were informally pegged to the dollar.

12.   Currencies came off their lows too, with the Malaysian ringgit, the Thai baht, the Philippine peso and the Indonesian rupiah and the Singapore dollar strengthening.

13.   Currency markets in Southeast Asia have been roiled since the Thai baht was devalued, followed by the Philippine peso.

14.   Daniel had been more concerned about an invasion of the stink bug than the drop in the Thai baht.

15.   Fears a run on the Thai baht would spread to the peso prompted the rate rise.

16.   Even when funds buy nondollar bonds, the currencies -- Argentine peso, Thai baht -- are often pegged to the dollar.

17.   Growth in the surplus may be slowed by the rapid depreciation of the Thai baht, South Korean won and other currencies against both the dollar and yen.

18.   In addition, the peso is traded as a so-called non-deliverable forward, making it much more difficult to bet against than currencies such as the Thai baht.

19.   In July, a devaluation of the Thai baht echoed across Southeast Asia and, one by one, other countries were forced to let their currencies weaken.

20.   In Asian trading of the Malaysian ringgit, Thai baht and Singapore dollar, trading focused on the probable direction of the U.S. dollar, traders said.