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The Thai baht surged against the dollar on December 17, 2020, to an 11-month high after the US said Thailand's currency practices needed closer scrutiny. Investors judged that government efforts to curb the baht's appreciation could now be hampered.
A stronger baht erodes Thai export competitiveness and feed-relevant trade flows, and currency moves of this kind shift the cost of imported feed ingredients for Thai buyers.
asia.nikkei.comMASAYUKI YUDA, Nikkei staff writerDec 17, 2020Not 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.
