# Bangkok Post - Traders on board with US$ valuation

> Major Thai gold traders have agreed to use US dollars to limit baht volatility, according to a Bank of Thailand executive. The article says the gold market is about $50 billion a year and the baht has gained about 5.6% from its March low.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/52369-bangkok-post-traders-on-board-with-us-valuation
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

The move is a currency-market mechanism with little direct effect on feed commodity supply or prices.

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1959587/traders-on-board-with-us-valuation

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