# Thai baht’s price sees rapid increase

> 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.

- Date: 2019-06-26 · published 2019-06-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/58870-thai-baht-s-price-sees-rapid-increase
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/thai-bahts-price-sees-rapid-increase-post155085.vnp

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.