Southeast Asia's strongest currency baht fights own success

Thailand eases capital controls with eye on US criticism

20191113 bank of thailand /baht

The strengthening baht has made Thai exports less competitive and driven up costs for foreign tourists. (Nikkei montage/Reuters) © Reuters

YOHEI MURAMATSU and MARIMI KISHIMOTO, Nikkei staff writers

BANGKOK -- Thailand is trying to coax the baht down from six-year high territory as the currency's strength threatens local manufacturing and tourism.

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