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The Bank of Thailand said its measures to curb speculative capital inflows have reduced hot money in the system. The baht was trading at 30.60 per dollar, close to its July 1 level, and is the top-performing Asian currency this year.
A firmer baht makes Thai exports less competitive and lowers the local-currency cost of imported feed ingredients. The central bank's readiness to act further suggests limited scope for the baht to weaken quickly.
bangkokpost.comSomruedi BanchongduangAug 27, 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.
