Summary: The Bank of Thailand (BOT) pledged to manage baht volatility and mitigate the impact of gold prices on the currency. The baht reached a four-year high, driven by dollar weakness and gold price rallies, impacting Thailand’s trade and tourism sectors. The BOT is considering measures to address currency movements influenced by non-fundamental factors like gold prices.

Link: https://www.theedgesingapore.com/news/currencies/thailand-vows-curb-baht-swings-currency-hits-4-year-high