Thai baht gains on quarantine-free travel hopes; Asia forex gains

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BENGALURU (Jan 18): Thailand's baht rose on Tuesday on hopes that the tourism-reliant country waives quarantine for vaccinated visitors again, while its emerging market peers gained on a US dollar unperturbed by a rise in Treasury yields. Treasuries rose along the curve during Asia hours, with two-year yields, which track short-term rate expectations, crossing 1% for the first time since Feb 2020, as investors brace for a more hawkish Federal Reserve.Emerging Asian stock markets were mostly higher, though barring China