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The baht opened at 34.58 per dollar on December 19, weakening from the prior close of 34.21 after the Fed's 25bp cut and a cut in expectations for 2025 easing. Gold fell more than 2% in the same session as the dollar and US yields rose.
A weaker baht raises the local cost of dollar-priced feed imports, and the gold sell-off signals a firmer dollar that tends to weigh on dollar-denominated commodities.
pattayamail.comPattaya MailDec 19, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
