Baht Appreciates Due to US-Japan Intervention to Stop Yen Slide

Economists attribute the Thai baht's appreciation beyond 33 baht to the dollar, in part, to a joint US-Japan intervention aimed at halting the yen's decline, with expectations for continued gains against the greenback.

10 Aug, 22:21 — 10 Aug, 22:21

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Bangkok PostMostly Factual3d ago

US-Japan move to stop yen slide helps baht appreciate

A US-Japan joint intervention to stop the yen's slide is among the reasons the baht has appreciated beyond 33 baht to the dollar, economists say, noting that the Thai currency is likely to continue gaining against the greenback in the near term.

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Baht Appreciates Due to US-Japan Intervention to Stop Yen Slide

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US-Japan move to stop yen slide helps baht appreciate

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