bank considers measures to limit FX speculation BANGKOK: Thailand central bank said on Monday it had observed occasional increases in the volume of foreign exchange transactions and might consider extra measures to limit speculation in the baht, coach outlet 39.
00 Asia best performing currency this year. The appreciation of more than 7% in the baht since the beginning of this year has been mainly caused by the depreciation of the dollar and an improved domestic economy, assistant governor Vachira Arromdee said in a statement.
the financial market has become more volatile due to external factors, specifically geo political risk and political issues in the US, thus, some market players might have used this opportunity to speculate on coach outlet purses yves regional currencies which exerted pressure on the baht, coach outlet prices she said. Therefore, the Bank of Thailand will require commercial banks to provide additional information in the event of an unusually high volume of transfers between non resident baht accounts, which may relate to baht speculation, coach outlet stores niagara falls Vachira said.
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