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The Bank of Thailand plans to allow gold trading in dollars to reduce exchange rate volatility, since domestic gold prices track global gold. The baht strengthened to 31.29 per dollar, which exporters say is much stronger than the 33-34 baht rate they need for shipments.
Currency strength makes Thai exports less competitive, but the policy is aimed at curbing volatility rather than changing the baht's trend, so its effect on feed prices is limited.
reuters.comOrathai SriringSep 10, 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.
