Lates News

The impact of gold on the Thai baht exchange rate has dropped to the lowest level in nearly two years, indicating that policymakers' efforts to curb the appreciation of the Thai baht may finally be paying off. Earlier this week, the 60-day correlation between the Thai baht and gold fell below 0.43, the lowest level since November 2023. Data shows that the 30-day and 45-day correlations reflecting recent trends have also dropped to their lowest levels since February.