Thai central bank: baht strengthening in line with regional currencies

FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) — The strengthening of Thailand’s baht was in line with regional currencies, the central bank said in a statement on Friday.

The currency strengthened due to a weakening dollar as investors expected less aggressive rate hikes from the U.S. Federal Reserve, the Bank of Thailand said, adding that financial markets remained volatile.

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