Loading…
The Bank of Thailand vowed to step up measures against the baht's surge versus the US dollar, with its governor expressing unease over the currency's sharp gains. The baht reached 31.37 per dollar, and suggestions emerged that capital outflow controls could be relaxed.
A stronger baht erodes Thai export competitiveness and makes Thai feed-related imports cheaper in baht terms, while the weaker dollar tends to support dollar-denominated grain and oilseed prices.
nationthailand.comJan 26, 2018Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
