Baht soars against greenback
Concerns mount over export-competitiveness
The baht is continuing to gain ground against the US dollar, hitting a two-year high on continued foreign inflows into the Thai financial markets.
Prime Minister Abhisit Vejjajiva is due to meet with Finance Minister Korn Chatikavanij, central bank governor Tarisa Watanagase and other ministers today to discuss the rise in the currency.
The baht, which traded at 31.1 to the US dollar yesterday, has gained more than 6% against the greenback in the year to date, prompting concerns among business leaders and policy makers about whether the country would lose competitiveness in global export markets.
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About the author
- Writer: Post Reporters
- Position: Reporters
