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Bank of Thailand Governor Veerathai Santiprabhob said the central bank acted against periodic speculation in the baht and resolved irregular transactions at some financial institutions. The baht traded near 33.08 per dollar, up 8.2% year to date and Asia's best performer.
The central bank will review its 3.5% growth forecast on Sept 27.
A firmer baht makes Thai exports less competitive and can squeeze Thai demand for imported feed inputs in baht terms, a modest bearish signal for USD-priced feed commodities sold into Thailand.
bangkokpost.comBangkok Post Public Company LimitedSep 18, 2017Not 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.
