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The Bank of Thailand is studying converting local gold trading to US dollars, including futures, to limit baht gains. Policymakers have complained the strong currency threatens exports, and the baht is about 10% stronger against the dollar over four years.
A central bank effort to cap baht strength would reduce currency-driven import cost relief for Thai feed buyers and bears on the broader dollar-priced trade flow.
bangkokpost.comBangkok Post Public Company LimitedJul 29, 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.
