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Asia, Forex

Thai still worried about speculation in baht

BANGKOK, July 31 (Reuters) – Thailand’s central bank is still worried about speculation in the baht and has tools to handle it, a senior official said on Wednesday, as the Thai currency has stayed strong despite recent measures to slow fund inflows from abroad.

The central bank, however, will let the baht follow market forces, Don Nakornthab, a senior director of the Bank of Thailand (BOT), told a news briefing.

The baht has strengthened about 5.9% against the dollar so far this year, becoming the best performing currency in Asia, driven by capital inflows. (Reporting by Kitiphong Thaichareon Writing by Orathai Sriring Editing Jacqueline Wong)

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