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The Bank of Thailand plans to implement measures to curb hot-money inflows after the baht rallied to a more than six-year high. Offshore fund inflows into Thai short-end bonds are under scrutiny, and the MPC voiced concern that baht appreciation is inconsistent with fundamentals.
Thai May outbound shipments fell 5.8% year-on-year.
A stronger baht erodes the competitiveness of Thai exports, including agricultural goods and rice, which weighs on Asian feed and grain export demand. The baht move is mainly a currency story with limited direct effect on feed commodity prices.
bangkokpost.comSomruedi BanchongduangJun 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.
