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Markets

Thai central bank sees no 'material impact' after added to US currency watch list

  • The comment came after Washington put Thailand on its watch list of countries suspected of taking measures to weaken their currencies against the dollar.
Published December 17, 2020

BANGKOK: Thailand's central bank said on Thursday it did not see a big impact on foreign trade and investment by being put on a US currency watch list, nor should it impede its ability to conduct macroeconomic policies to safeguard domestic stability.

The comment came after Washington put Thailand on its watch list of countries suspected of taking measures to weaken their currencies against the dollar.

The Bank of Thailand said it had conducted two-way intervention only to ride out currency volatility and had no intention to do use the exchange rate to gain an unfair trade advantage, Assistant Governor Chantavarn Sucharitakul said in a statement.

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