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Bank of Thailand Governor Sethaput said the baht is strengthening against the dollar alongside regional currencies, driven by expectations of a Fed rate cut and gold imports. The central bank projects 2024 GDP growth of 2.6% and 3.0% for 2025.
Sethaput said the central bank will intervene if the baht moves irregularly.
Central bank intervention and steady growth forecasts suggest limited volatility for Thai import costs, so the direct effect on feed commodity prices is small.
theinvestor.vnVietnam News AgencyAug 29, 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.
