Bank of Thailand intervenes to weaken baht

The Bank of Thailand, the country's central bank, announced on 5 June that it has intervened in the currency market in an attempt to slow down the rise of the baht, the national currency.

The intervention comes after calls from the country's leading exporters on the central bank to stem the appreciation of the baht, as it moved below the 34 baht to the dollar mark.

The currency, which has risen by some 6% since the beginning of the year, was trading at 33.95 to the dollar on Thursday afternoon

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