# Bangkok Post - BoT 'suppressed baht' to bolster exports: KBank

> 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.

- Date: 2017-07-13 · published 2017-07-13T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/70247-bangkok-post-bot-suppressed-baht-to-bolster-exports-kbank
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1286659/bot-suppressed-baht-to-bolster-exports-kbank

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