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The Bank of Thailand said it is closely monitoring the baht and will act if its moves become unusually volatile. The baht closed at 34.22 per dollar, its weakest in almost five years, and has lost 2.5% since the start of the year.
A weaker baht makes dollar-priced feed imports like soybean meal and corn more expensive for Thai livestock and feed producers, while the central bank's readiness to intervene may cap further sharp moves.
bangkokpost.comReutersApr 26, 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.
