# NO BAHT INTERVENTION

> Deputy Prime Minister Somkid Jatusripitak said Thailand will not intervene in the baht's movement, responding to a Council on Foreign Relations report that accused Thailand of currency manipulation. He said the Bank of Thailand has only monitored capital flows.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/67223-no-baht-intervention
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Absence of intervention means the baht can keep appreciating with the dollar, which weighs on Thai exporters and dollar-denominated feed commodity purchasing power in the region.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30336595

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