# Thailand’s central bank takes action to curb baht devaluation

> 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.

- Date: 2018-07-19 · published 2018-07-19T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/64289-thailand-s-central-bank-takes-action-to-curb-baht-devaluation
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Currency intervention reflects trade-war pressure on Asian currencies, a macro factor affecting regional import costs, with little direct effect on feed grain prices.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/thailands-central-bank-takes-action-to-curb-baht-devaluation-post134939.vnp

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