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Thai economists called the Bank of Thailand's move to curb the baht a warning shot with little likely impact on the currency or markets. The baht weakened to 30.90 per dollar after the announcement, and the central bank is seen as unwilling to cut rates.
Limited central bank action means the baht's strength persists, keeping Thai export competitiveness under pressure with minimal direct effect on feed ingredient prices.
thethaiger.comThaigerJul 14, 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.
