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Thai Finance Minister Uttama Savanayana said exporters may keep up to $1 million in overseas accounts, up from $200,000, to curb baht appreciation. The baht had gained 8 percent against the dollar in 2019 and was trading near 31.08 per dollar on February 6.
This is a currency policy measure aimed at easing baht strength, which could marginally cut the cost of dollar-priced Thai exports. Its direct impact on feed commodity prices is minimal.
nationthailand.comFeb 6, 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.
