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The Thai baht closed at 33.76 per dollar on October 29, strengthening from 33.86 the previous day. Analysts attributed the gain to higher gold prices and a slowdown in dollar strength, while most Asian currencies weakened and foreign investors sold Thai stocks and bonds.
A firmer baht lowers the local-currency cost of Thai feed-related imports such as soybean meal and corn, while a weaker dollar generally supports dollar-denominated grain prices.
pattayamail.comPattaya MailOct 29, 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.
