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TISCO Economic and Strategy Unit head Komsorn Prakobpol said the baht, which rallied from about 37 per dollar in late June to around 34, could weaken to about 34.50 by year-end. He cited the likelihood of smaller Fed rate cuts and the possible dollar-supportive effects of Trump's proposed tariffs and tax policies.
He said a 50 basis point cut at a single meeting is unlikely.
If the dollar firms on slower Fed easing or tariff policy, USD-priced commodities could face pressure while import costs in baht rise. The forecast is a currency view with no immediate supply change for feed markets.
pattayamail.comAug 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.
