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The Bank of Thailand relaxed foreign exchange rules to allow more individual investors to buy foreign securities directly. The aim is to cool the baht, which rose 3.7% against the dollar in January.
Investors with assets of 50 million to 100 million baht can invest up to $1 million a year abroad without intermediaries.
Greater capital outflow is expected to weaken the baht, which would raise the baht cost of dollar-priced feed imports. The measure is a currency policy move with little direct effect on grain prices.
centralbanking.comCentral Banking NewsdeskFeb 2, 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.
