(Bangkok Post file photo)The Bank of Thailand has acknowledged the baht's rapid climb against the US dollar recently, a movement that it says warrants close monitoring. "As a result, the Bank of Thailand will closely monitor the situation in the foreign exchange market," he said. Mr Don said the central bank had acted on the baht to some extent in a bid to keep the currency in line with regional peers. Offshore inflows to Thailand's bond and stock markets since mid-July also contributed to the stronger baht, the dealer said. This, in tandem with the baht's strength, should cause CA surplus to ultimately shrink, reducing pressure on the baht going forward."

Source: Bangkok Post July 25, 2017 21:33 UTC