# Thai cenbank ready to manage excessive baht volatility

> 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%.

- Date: 2022-06-15 · published 2022-06-15T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/41220-thai-cenbank-ready-to-manage-excessive-baht-volatility
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/finance/thai-cbank-ready-manage-excessive-baht-volatility-2022-06-15/?taid=62aa139c7385bc0001a6e9b6

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.