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The Thai baht fell to a 15-month low as soaring global energy costs and Middle East tensions pushed Thailand's current account into deficit. Krungsri forecasts a fourth-quarter rebound to 32-34 per dollar if oil prices stabilise and the trade balance improves.
Higher oil prices feeding into a current account deficit weaken the baht and raise the cost of imported feed inputs for Thai buyers.
nationthailand.comJul 22, 2026Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
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.
