# Bangkok Post - BoT: Baht gain up for discussion

> 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.

- Date: 2020-06-03 · published 2020-06-03T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/52900-bangkok-post-bot-baht-gain-up-for-discussion
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: neutral

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1929060/bot-baht-gain-up-for-discussion

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