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Thailand's central bank warned that the baht is likely to be highly volatile amid intensifying Sino-U.S. trade tensions. An assistant governor said the country's exports would be hit hard and urged businesses to hedge currency risk.
A volatile baht raises hedging costs and export uncertainty for Thai buyers and processors who rely on dollar-priced inputs. The direction of the baht itself was not set in this report.
reuters.comAug 26, 2019Not 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.
