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Thailand's deputy finance minister said the Bank of Thailand was not doing enough to manage the baht, which had hit a 31-month high near 32.40 per dollar. He argued that 34 baht would be a more suitable level and that interest rates were misaligned with the economy.
Government pressure for a weaker baht and lower rates signals likely currency and monetary policy shifts that affect Thai import costs for feed ingredients.
bangkokpost.comReuters, BloombergOct 1, 2024Not 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.
