Forex

baht strengthening in keeping with regional currencies By Reuters


© Reuters. FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, Could 12, 2016. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) – The strengthening of Thailand’s baht was in keeping with regional currencies, the central financial institution stated in an announcement on Friday.

The forex strengthened as a consequence of a weakening greenback as traders anticipated much less aggressive charge hikes from the U.S. Federal Reserve, the Financial institution of Thailand stated, including that monetary markets remained risky.



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