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Thailand's central bank said it is ready to manage excessive baht volatility. It blamed expectations of faster Fed tightening and global slowdown fears for pushing the dollar to its strongest level in nearly 20 years.
The baht has weakened about 4.5%.
A weaker baht raises the local-currency cost of USD-priced feed ingredient imports for Thai feed millers, which can pressure margins and feed prices.
reuters.comJun 15, 2022Not 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.
