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Thailand's finance minister said the baht's recent strength was partly due to currency speculation and was tracking the stock market's rise after Biden's US election win. He said the central bank was considering measures and cited a 2021 growth forecast of 3.5 to 4.5 percent.
The baht closed at 30.23 per dollar.
Official concern over currency speculation signals possible intervention that could limit baht gains, with minimal direct impact on feed ingredient prices.
nationthailand.comNov 16, 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.
