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The Bank of Thailand summoned foreign exchange dealers to discuss the baht's rapid gain, which it said was not in line with the country's fragile economy. The baht's gain was driven by strong exports and foreign inflows, and it may have been boosted by gold trading.
The central bank is concerned that the currency's rise could hurt exporters and the economic recovery.
Central bank pressure on dealers signals possible intervention that could limit baht appreciation, affecting Thai import costs for feed and food. The effect on global feed prices is small.
bangkokpost.comSomruedi BanchongduangJun 3, 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.
