Baht declines amid intervention concerns

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Source: Bloomebrg
Thailand's Baht halted a 3-day rally amid concern the nation's central bank will intervene to combat appreciation that undermines exports. The Baht weakened 0.1% to 29.76 per U.S. Dollar at 9:02 a.m. Bangkok time. The currency fetched 29.66 on January 21 and January 31, the highest level since August 2011. One-month implied volatility inched down 17 basis points or 0.17 percentage point to 5.5%.
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