US, Thailand statement:
- Will not use macroprudential or capital flow measures to target exchange rates for competitive purposes
US Treasury, Bank of Thailand statement:
- Intervention in foreign exchange markets should be for combatting excess volatility, disorderly movements
- Joint statement will not affect Thailand’s policy of maintaining exchange rate stability
- US, Thailand statement: Will not use government investment vehicles to target exchange rates
This article was written by Eamonn Sheridan at investinglive.com.