# Thai Baht opens at 34.58 per US dollar, expected to weaken further - Pattaya Mail

> 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.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/27248-thai-baht-opens-at-34-58-per-us-dollar-expected-to-weaken-further-pattaya-mail
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-03-08 | [US rate rise expected, Thai outflows surge, baht weakens](https://feedsoft.ai/events/72261-us-rate-rise-expected-thai-outflows-surge-baht-weakens.md) | +0.1% | -1.2% |
| DXY | 2020-10-29 | [Baht expected to weaken today](https://feedsoft.ai/events/50880-baht-expected-to-weaken-today.md) | -0.5% | -2.2% |
| DXY | 2023-12-12 | [Baht weakens to 35.71/dollar as US announces better job figures](https://feedsoft.ai/events/32971-baht-weakens-to-35-71-dollar-as-us-announces-better-job-figures.md) | -0.8% | -1.0% |
| DXY | 2026-06-01 | [Investors expect US dollar to break higher as Fed battles inflation](https://feedsoft.ai/events/19465-investors-expect-us-dollar-to-break-higher-as-fed-battles-inflation.md) | +1.0% | +1.7% |
| DXY | 2023-10-12 | [Dollar gains after US consumer prices rise more than expected](https://feedsoft.ai/events/33817-dollar-gains-after-us-consumer-prices-rise-more-than-expected.md) | +0.9% | -0.6% |

## Sources

- pattayamail.com: https://www.pattayamail.com/thailandnews/thai-baht-opens-at-34-58-per-us-dollar-expected-to-weaken-further-484454

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.