U.S. and Thailand say they won't target exchange rates for competitive purposes
ReutersOct 29, 2025 3:20 AM
BANGKOK, Oct 29 (Reuters) - The U.S. Treasury and the Bank of Thailand said on Wednesday they had agreed not to use any macroprudential or capital flow measures or government investment vehicles such as pension funds to target exchange rates for competitive purposes.
In a joint statement, they said intervention in foreign exchange markets should be reserved for combatting excess volatility and disorderly movements in exchange rates.
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