# Thai baht soars to 11-month high as US probes currency practices - Nikkei Asia

> 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.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/49903-thai-baht-soars-to-11-month-high-as-us-probes-currency-practices-nikkei-asia
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- asia.nikkei.com: https://asia.nikkei.com/economy/thai-baht-soars-to-11-month-high-as-us-probes-currency-practices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.