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Foreign inflows of about US$2.1 billion into Thai debt this year have strengthened the baht, the region's best-performing emerging currency in 2017. Bank of Thailand Governor Veerathai Santiprabhob said the baht's strength is hurting export-driven growth.
A strong baht erodes Thai export competitiveness and could prompt central bank intervention, which would weaken the baht and lower local feed import costs in dollar terms.
businesstimes.com.sgMar 5, 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.
