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The Bank of Thailand confirmed it has been intervening in the foreign exchange market to slow baht appreciation, pushing reserves to US$196.2 billion. Officials are monitoring investment inflows for speculation and have prepared measures to deploy when suitable.
The deputy governor said the weaker US dollar, down 10.5% year to date, is the main driver.
Currency intervention and capital-flow controls add uncertainty to Thai import costs, but the direct effect on global feed commodity prices is small.
thairesidents.comThaiResidents TeamSep 11, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY 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.
