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Thailand's central bank governor said he remains worried about the strength of the baht and short-term fund inflows, and that the central bank is ready to act on excessive currency moves. The baht traded at 34.12 per US dollar, after hitting a more than 22-month high of 34.04 on Friday.
A strong baht and inflows can squeeze Thai export competitiveness and may prompt intervention, which affects the cost of Thai-linked feed inputs and regional currency sentiment. The direct effect on feed grain prices is limited.
businesstimes.com.sgMay 29, 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.
