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The baht reached an intraday peak of 31.02 per dollar, its strongest level since March 2021. Record gold prices and expectations of further US Federal Reserve rate cuts weakened the dollar.
Position unwinding also added dollar selling.
A rising baht makes Thai rice and other exports more expensive on world markets, which can support Asian export prices. Renewed Fed easing would add further weakness to the dollar.
Not 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.