# Bangkok Post - BoT plan to curb baht by severing link to gold

> 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.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/52367-bangkok-post-bot-plan-to-curb-baht-by-severing-link-to-gold
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1959335/bot-plan-to-curb-baht-by-severing-link-to-gold

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