This time around, officials have a new dynamic to worry about when it comes to cooling inflows from abroad: Donald Trump. The Southeast Asian nation has seen a $3.4-billion flood this year, an influx that’s driven the baht to its highest since mid-2015. Ensuring against US retaliation may mean either living with the baht gains or coming up with steps not linked to currency transactions. Thailand chalked up the 11th largest goods trade surplus with the US in 2016, according to data on the US Department of Commerce website. The US Treasury’s report due around mid-April uses three criteria to determine if a trade partner is manipulating its currency.

Source: Bangkok Post April 06, 2017 04:52 UTC