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Analysts warn the Thai baht may extend its losses as a historic oil price surge exposes the import-dependent economy. The baht has dropped more than 5% this month, the worst among Asian peers.
Sustained oil price strength keeps pressure on the baht and raises the cost of imported energy and feed inputs for Thai buyers.
Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, 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.