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On December 14, 2020, the Thai baht hovered near the 30-per-dollar level with traders reporting suspected central bank intervention. The baht had earlier strengthened to a one-year high near 29 per dollar the prior week, and Asian stocks rose on vaccine hopes.
Central bank intervention to slow baht appreciation signals policy support for Thai exporters, which has limited effect on regional feed import costs beyond currency translation.
brecorder.comReutersDec 14, 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.
