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The baht has dropped about 7% since late September and is likely to keep depreciating, according to the article. Drivers include expected Trump tariffs, Bank of Thailand intervention earlier in the year, and volatile gold and oil prices.
The Asian Development Bank cut its Thai growth forecast on weaker government spending and exports.
Weaker Thai exports and a softer baht raise dollar-based feed import costs for Thailand. The effect on global feed commodity prices is small.
bangkokpost.comBangkok Post Public Company LimitedNov 19, 2024Not 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.
