# Thai baht hits 13-month high against dollar on economic hopes - Nikkei Asia

> The Thai baht reached its strongest level against the dollar since July 2023 in Tokyo trading on August 26, in the upper 33 range. Traders cited hopes for a lift from the government's digital wallet handout and expectations of US rate cuts. The new prime minister's economic policies are being watched by the central bank.

- Date: 2024-08-26 · published 2024-08-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/29095-thai-baht-hits-13-month-high-against-dollar-on-economic-hopes-nikkei-asia
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of Fed easing are weakening the dollar, which is supportive for USD-priced agricultural commodities. For feed buyers in Asia, a firmer baht lowers the local-currency cost of imports.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-04-03 | [Yen hits 6-month high on U.S. economic slowdown fears - Nikkei Asia](https://feedsoft.ai/events/25375-yen-hits-6-month-high-on-u-s-economic-slowdown-fears-nikkei-asia.md) | +0.2% | -3.0% |
| DXY | 2024-09-23 | [Bangkok Post - Baht at 19-month high against US dollar](https://feedsoft.ai/events/28597-bangkok-post-baht-at-19-month-high-against-us-dollar.md) | -0.2% | +2.5% |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |
| DXY | 2023-08-28 | [Dollar index dips, briefly hits 9-month high against yen](https://feedsoft.ai/events/34857-dollar-index-dips-briefly-hits-9-month-high-against-yen.md) | +0.2% | +1.3% |
| DXY | 2019-02-01 | [Rupee hits 5-month high vs US dollar, then erases gains](https://feedsoft.ai/events/61359-rupee-hits-5-month-high-vs-us-dollar-then-erases-gains.md) | +0.8% | +1.0% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/thai-baht-hits-13-month-high-against-dollar-on-economic-hopes

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