# Hawkish Fed remarks push down baht

> The baht fell to a one-month low of 32.85 per dollar after Fed chair Powell kept rates at 3.50-3.75% and sounded hawkish, ruling out near-term cuts. The Bank of Thailand also held its rate at 1%, and the US 10-year yield rose to 4.42% as Brent jumped 6% to US$118.

- Date: 2026-05-01 · published 2026-05-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/19529-hawkish-fed-remarks-push-down-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and higher US yields tighten global financial conditions and can pressure dollar-priced commodities, though the Thai baht move itself is a local effect.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-19 | [Hawkish Fed bets drive dollar higher \| Convera](https://feedsoft.ai/events/36143-hawkish-fed-bets-drive-dollar-higher-convera.md) | +0.6% | -1.4% |
| DXY | 2024-12-19 | [Fed's hawkish cut fires up rate hike debate](https://feedsoft.ai/events/27137-fed-s-hawkish-cut-fires-up-rate-hike-debate.md) | +0.5% | +1.4% |
| DXY | 2022-08-31 | [Futures File: Fed becomes more hawkish](https://feedsoft.ai/events/39946-futures-file-fed-becomes-more-hawkish.md) | +0.9% | +3.6% |
| DXY | 2022-11-17 | [Dollar rises with bets on hawkish Fed; sterling drops \| Reuters](https://feedsoft.ai/events/38594-dollar-rises-with-bets-on-hawkish-fed-sterling-drops-reuters.md) | +0.4% | -0.6% |
| DXY | 2024-12-19 | [Dollar strengthens as market digests Fed's hawkish cut](https://feedsoft.ai/events/27136-dollar-strengthens-as-market-digests-fed-s-hawkish-cut.md) | +0.5% | +1.4% |

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/3247449/hawkish-fed-remarks-push-down-baht

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.