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Kasikornbank claims the Bank of Thailand sold baht in the market the prior week to slow its appreciation. The bank says the goal was to protect export recovery, and Thai exports rose 2.3 percent year on year in June to about $20.3 billion.
Central bank intervention to cap baht strength supports Thai export competitiveness and import cost stability. The story has a minor effect on feed commodity prices.
bangkokpost.comSomruedi BanchongduangJul 13, 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.
