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Thailand's central bank intervened to slow the baht's rise, which the governor said had been too fast. The currency was trading near 30.38 per US dollar after hitting a more than 10-month high of 30.13.
The governor said the strength was hurting exporters and the fragile recovery.
A sharply stronger baht erodes the competitiveness of Thai exporters and can weigh on regional feed-ingredient demand pricing in dollar terms; the effect on grain and meal prices is indirect and limited.
zawya.comKitiphong ThaichareonNov 19, 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.
