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Krungsri's Global Markets Group expects the baht to trade between 35.80 and 36.35 per dollar this week, after closing at 36.06. The US dollar strengthened against most majors last week, except the yen and Swiss franc, which rose as global stocks and commodities fell.
US second-quarter GDP grew 2.8%, above expectations, and investors were awaiting the Bank of Japan meeting.
Thai baht and yen moves affect the cost of imported feed inputs and the dollar-denominated value of Thai feed and meat exports. Fed and BOJ policy signals are the main near-term drivers of these currency moves.
en.moneyandbanking.co.thbank financeJul 30, 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.
