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The Bank of Thailand is considering loosening its foreign exchange regulatory framework, including reducing FX limits, facilitating hedging, and dropping supporting-document requirements for normal transactions above $200,000. The baht hit a more than 13-month low of 32.03 per dollar, down 6.4% so far this year.
A weaker baht is a macro currency move with little direct effect on feed grain or meal supply and demand, though it can shift Thai feed import costs at the margin.
bangkokpost.comReutersJun 29, 2021Not 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.
