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The Bank of Thailand introduced measures on July 12 to keep the baht from strengthening further, saying it was ready to add more if speculative buying persisted. The strong currency threatens the tourism-led economy by making travel to Thailand more expensive.
Central bank intervention to weaken the baht is a policy response to currency strength that can influence Thai import costs and regional ingredient demand at the margin.
asia.nikkei.comMASAYUKI YUDA, Nikkei staff writerJul 12, 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.
