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Bank of Thailand Governor Veerathai Santiprabhob said the baht should move with market forces but the central bank will act against excessive volatility. He said the baht is near 21-month highs and is Southeast Asia's best performer this year, helped by a weaker dollar.
The central bank also cut short-dated bond supply to temper inflows and will relax capital outflow rules.
Central bank intervention and capital-flow measures can cap baht appreciation, which affects the Thai currency backdrop for imported feed purchases but has limited direct effect on grain prices.
jakartaglobe.idKitiphong ThaichareonApr 20, 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.
