# Thai Baht (THB USD) Biggest Gain in a Year Tests Central Bank - Bloomberg

> Thailand's baht rose as much as 1.1% against the dollar on Thursday, its biggest one-day gain since June 2019, defying a selloff in emerging Asian currencies. The currency broke above its 200-day moving average, a technical level that could attract speculative inflows. The move has tested the central bank's patience after it warned about the economic risks of continued appreciation.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/52889-thai-baht-thb-usd-biggest-gain-in-a-year-tests-central-bank-bloomberg
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht makes Thai imports cheaper and weighs on the export-linked economy, which can prompt central bank intervention. For feed buyers, the effect on grain and meal prices is indirect, mainly through USD/THB and Thai demand sentiment.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-06-11/baht-s-biggest-gain-in-a-year-tests-bank-of-thailand-s-patience

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