Thai central bank warns against baht speculation
Currency’s rise to two-year high against the dollar may prompt more restrictions
The Bank of Thailand said that it may “consider additional measures to limit the opportunity for baht speculation,” after warning traders that the currency’s upward trend this year may be reversed, the Financial Times reported on Tuesday.
This year has seen the dollar fall 7.8% versus the baht, Asia’s best performing currency year-to-date.
Previous comments from the bank regarding appreciation had shied away from expressing concern, describing the rise as in line with Thailand’s improving economy.