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Bank of Thailand governor Veerathai Santipraphob said the central bank's currency interventions to limit baht declines have reduced its foreign currency reserves. He added that valuation changes in other currencies, such as the euro, also contributed to the drop.
Reserve drawdowns from baht defense reflect pressure on Asian currencies from trade tensions, a macro backdrop with no direct effect on feed grain or meal prices.
nationthailand.comJul 12, 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.
