More Asia FX intervention hints

Author: Eamonn Sheridan | Category: Central Banks

After South Korea warned earlier:

(and, to follow up, the BoK is reported to have sold won against the USD to drive it lower)

Now the Bank of Thailand making similar noises, Governor says he is concerned about the strength of the baht:
  • appropriate measures are being considered
  • says he is worried about the impact of the rapid rise of the baht is having on smaller exporters
  • strong baht has exacerbated fragile economic recovery

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