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Analysts said the baht pared gains to trade little changed against the dollar after the Bank of Thailand's surprise rate cut. Most economists had expected no change, and the Thai stock benchmark rose as much as 2.2%.
The market reaction shows the baht is holding up despite looser policy, which limits any near-term competitiveness gain for Thai exporters. Feed-linked trade costs are not materially changed by this move.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.