# Central bank admits currency intervention - ThaiResidents.com - Thai Local News - Thai News

> 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.

- Date: 2017-09-11 · published 2017-09-11T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/69228-central-bank-admits-currency-intervention-thairesidents-com-thai-local-news
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency intervention and capital-flow controls add uncertainty to Thai import costs, but the direct effect on global feed commodity prices is small.

## Read by commodity

- DXY: bearish ▼
- USDTHB: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-28 | [Thai baht surges to 27-month high - ThaiResidents.com - Thai Local News - Thai News](https://feedsoft.ai/events/70243-thai-baht-surges-to-27-month-high-thairesidents-com-thai-local-news-thai-news.md) | -0.3% | -0.4% |
| DXY | 2026-07-30 | [Bank of Japan intervention sends USD lower across Asia \| Convera](https://feedsoft.ai/events/18596-bank-of-japan-intervention-sends-usd-lower-across-asia-convera.md) | -1.2% | -1.9% |
| DXY | 2022-07-21 | [Europe's central bank backs larger-than-expected rate hike \| AP News](https://feedsoft.ai/events/40711-europe-s-central-bank-backs-larger-than-expected-rate-hike-ap-news.md) | +0.2% | -0.4% |
| DXY | 2020-03-19 | [The Fed is extending its currency exchange program to more central banks around the world](https://feedsoft.ai/events/54307-the-fed-is-extending-its-currency-exchange-program-to-more-central-banks-around.md) | +0.5% | -0.9% |
| DXY | 2019-01-01 | [Fed decision: Central bank lifts interest rates, lowers forecasts to two hikes in 2019](https://feedsoft.ai/events/61751-fed-decision-central-bank-lifts-interest-rates-lowers-forecasts-to-two-hikes-in.md) | -0.7% | -1.7% |

## Sources

- thairesidents.com: https://thairesidents.com/money/central-bank-admits-currency-intervention/

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