
Citigroup says the Bank of Thailand could deliver a larger-than-expected rate cut in October, as officials face pressure to curb the baht's rise of almost 6% this year. Citi recommends buying dollars against the baht.
Prime Minister Anutin Charnvirakul has pledged urgent action on the currency.
A weaker baht from looser policy would lift USD/THB and cut the cost of Thai-origin feed and rice imports for buyers priced in dollars. Expected policy easing is a modest currency driver for regional feed and commodity import costs.
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.