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The Thai baht strengthened to 33.84 per US dollar, its highest in 13 months, before closing at 33.88 on August 30. Kasikorn Research noted the currency gained as the offshore yuan firmed, while the dollar lacked support ahead of key US inflation data.
Foreign investors sold a net 3.18 billion baht in Thai stocks and 3.18 billion baht in Thai bonds.
A stronger baht makes Thai-denominated feed and ingredient purchases cheaper for local buyers, while the outflows point to some caution in regional assets. The move is currency-driven and has little direct effect on feed grain or meal prices.
pattayamail.comPattaya MailAug 31, 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.
