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The Bank of Thailand said it will further relax foreign exchange rules to curb baht strength, which has gained nearly 11% against the dollar since April. Measures include greater flexibility for non-resident companies' baht transactions and lifting the 200 million baht end-of-day limit.
Policy aimed at weakening the baht could make Thai import purchases of feed ingredients slightly more expensive in baht terms, though the effect on global feed prices is small.
brecorder.comReutersJan 5, 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.
