Market News
Thai central bank planning measures to ease strong baht, sees room for rate cuts - REUTERS
BANGKOK, Dec 1 (Reuters) - Thailand's central bank is planning measures to ease the upward pressure on the baht , including having banks tighten their controls on gold-related foreign exchange transactions and requiring major gold traders to supply their transaction data.
The baht has strengthened by 7% against the dollar so far this year to be Asia's second-best performing currency. The baht's appreciation is seen as a threat to the competitiveness of the export and tourism sectors.
