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The Federation of Thai Industries asked the Bank of Thailand to act against the baht's rapid gains after it reached a more than six-year high of 30.86 per dollar. FTI said the currency's strength pressures agricultural exporters that rely on local materials.
The Fed was prepared to cut rates if needed.
Industry pressure for policy action could lead to intervention that limits baht strength, but the export squeeze on Thai farm goods has only a minor effect on global feed prices.
en.vietnamplus.vnVietnam+ (VietnamPlusJun 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.
