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SCB Financial Markets forecasts the baht will strengthen to 32.50-33.50 per dollar by year-end. The forecast reflects expected US Fed rate cuts and slowing US growth.
SCB expects the baht to trade in a 33.50-34.00 range in the near term.
A stronger baht would lower the local cost of dollar-priced feed imports into Thailand. The forecast is a view on currency direction rather than a new supply or demand shock.
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.