BANGKOK, March 20 Thailand's strenghening baht
is still in line with the country's economic fundamentals, a
finance ministry official said on Monday, as the currency hit a
more than five-month high against the dollar.
The central bank has sufficient tools to handle capital
movements but it may not need to act on the currency now,
Somchai Sujjapongse, the ministry's permanent secretary told
"If the baht is strengtening along with economic
fundamentals, the central bank does not have to intervene too
much and can let it move in line with market forces," he said.
The baht traded at 34.7 per dollar on Monday, and
has appreciated by 3 percent this year. Traders said it has been
lifted by inflows from foreign funds.
(Reporting by Kitiphong Thaichareon; Writing by Orathai
Sriring; Editing by Richard Borsuk)