# Thai baht dips on suspected central bank intervention; stocks up on vaccine boost - Markets - Business Recorder

> 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.

- Date: 2020-12-14 · published 2020-12-14T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/49904-thai-baht-dips-on-suspected-central-bank-intervention-stocks-up-on-vaccine
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40040768

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