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The Bank of Thailand sold US dollars to slow the baht's slide after the currency hit a nine-month low of about 33.26 per dollar in mid-July. Foreign reserves fell from $216bn in March to $207bn in June, and the central bank attributed the depreciation to tighter monetary policy in major economies and trade conflicts between the US, China and the EU.
Currency intervention reflects trade-war pressure on Asian currencies, a macro factor affecting regional import costs, with little direct effect on feed grain prices.
en.vietnamplus.vnVietnam+ (VietnamPlusJul 19, 2018Not 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.
