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Thailand's central bank said on May 12, 2022 that baht movements have had limited impact on inflation and the economy after the currency hit a five-year high against the dollar. The bank said it is monitoring the situation and ready to act if necessary.
Official readiness to intervene limits sharp baht swings, which reduces short-term volatility in dollar-priced feed import costs for Thai buyers.
brecorder.comReutersMay 12, 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.
