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The Bank of Thailand attributed the baht's appreciation to a weaker US dollar and rising gold prices. It said it is monitoring the currency to limit effects on businesses, and the baht reached a 19-month high of 33.26 per dollar.
Currency strength driven by dollar weakness lowers Thai import costs for feed ingredients but is a background factor with little direct price impact.
nationthailand.comSep 13, 2024Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
