# Finance minister puts baht’s rise down to currency speculation

> 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.

- Date: 2020-11-16 · published 2020-11-16T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/50414-finance-minister-puts-baht-s-rise-down-to-currency-speculation
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Official concern over currency speculation signals possible intervention that could limit baht gains, with minimal direct impact on feed ingredient prices.

## Read by commodity

- USDTHB: neutral

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30398053

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