# Central Bank intervenes to stem the baht for now as the country’s foreign reserves keep growing with inflows - Thai Examiner

> The Bank of Thailand intervened on a Friday to halt the sharp baht rise that began in early November. The move followed the new governor's first policy committee meeting. Analysts expect the currency to keep gaining against a weaker dollar if a multilateral trade framework emerges under Biden.

- Date: 2020-11-20 · published 2020-11-20T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/50408-central-bank-intervenes-to-stem-the-baht-for-now-as-the-country-s-foreign
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Intervention may slow baht appreciation briefly, but the underlying dollar weakness trend limits its effect on Thai feed-related import costs and regional trade pricing.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- thaiexaminer.com: https://www.thaiexaminer.com/thai-news-foreigners/2020/11/20/central-bank-intervenes-to-stem-the-baht-foreign-reserves-keep-growing/

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