# Finance Minister vows more action if baht continues rapid appreciation

> Thai Finance Minister Uttama Savanayana said the central bank and Finance Ministry jointly announced measures on Wednesday to curb the baht's rapid appreciation. He said these are a first step and more action will follow.

- Date: 2019-11-07 · published 2019-11-07T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/56352-finance-minister-vows-more-action-if-baht-continues-rapid-appreciation
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht erodes Thai export competitiveness and tourism income, which can weigh on demand for imported feed inputs and shift trade flows; the immediate commodity price effect is limited.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30378166

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