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Weak baht not a concern, in line with peers: Thai bank

BANGKOK : Recent weakness in the Thai baht is not a concern yet as it is moving in line with regional currencies, a cent
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By Parvez Jabri
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thaibank_bahtBANGKOK: Recent weakness in the Thai baht is not a concern yet as it is moving in line with regional currencies, a central bank official said on Thursday.

Risk-averse investors have shifted to dollars because of renewed concerns about Greek debt problems, Bank of Thailand senior director Wongwatoo Potirat told reporters.

The baht was at 30.30 baht per dollar on Thursday, its lowest in a month.

 

Copyright Reuters, 2011

 

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