# Bangkok Post - Bank of Thailand soothes jitters over baht gain

> The Bank of Thailand said the baht may be reversing its upward trend and that two-way currency movements are likely to increase next year. Deputy governor Mathee Supapongse said investors now see the baht as overvalued given slowing growth, a narrowing current account surplus and a thin interest rate spread. The central bank has already imposed measures to restrain the currency.

- Date: 2019-12-04 · published 2019-12-04T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55842-bangkok-post-bank-of-thailand-soothes-jitters-over-baht-gain
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Expectations of a weaker baht would support Thai export competitiveness, but the broader slowdown is bearish for regional demand. The likely effect on feed markets is limited, with a modest upward bias for USD/THB.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1808634/bank-of-thailand-soothes-jitters-over-baht-gain

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