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The Bank of Thailand intervened in currency markets to curb baht appreciation, buying about 80 billion dollars over five years. Deputy Governor Mathee Supapongse said the baht's strength in late 2019 reflected a structural current account surplus rather than speculation, and vowed further action if needed.
Central bank intervention to weaken the baht is a macro policy signal; it has little direct effect on feed commodity supply or demand.
nationthailand.comJan 14, 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.
