
Asian currencies weakened on July 29, led by the Thai baht and Indonesian rupiah, as investors focused on US trade talks ahead of the August 1 tariff deadline. The baht fell as much as 0.5% to 32.51 per dollar.
Thailand expects to conclude talks with the US before the deadline and avoid tariffs as high as 36%.
Tariff threats on Thailand, a major export market, weigh on the baht and on regional growth expectations. A weaker regional currency can make imported feed ingredients more expensive for Asian buyers.
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