# Actions to prop up baht trim reserves

> 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.

- Date: 2018-07-12 · published 2018-07-12T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/64292-actions-to-prop-up-baht-trim-reserves
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30349956

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