Thai Baht Completes Second Weekly Drop on Capital Curbs Concern
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The Thai baht had a second weekly decline on concern policy makers may step up curbs to discourage inflows that cause volatility in the currency.
Bank of Thailand Governor Prasarn Trairatvorakul said yesterday the central bank is in talks with other countries on joint measures to deal with capital inflows. South Korea’s finance ministry yesterday said that the government supports a law reviving a bond tax on international investors as it seeks to stem capital inflows arising from monetary easing in the U.S.