# Bangkok Post - Baht tipped to rise to 36.1 to the greenback

> The Thai baht rose to 36.4 per dollar on Monday, up 0.4% from Friday's close of 36.58. Weaker-than-expected US inflation and jobs data lifted expectations of a Federal Reserve rate cut in September, with markets pricing a 77% probability. Analysts see the baht possibly reaching 36.1 in the near term.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/29559-bangkok-post-baht-tipped-to-rise-to-36-1-to-the-greenback
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer baht lowers the local-currency cost of imported feed ingredients such as soymeal, corn and fishmeal, which are priced in dollars. Expectations of Fed easing also tend to weaken the dollar, which supports commodity prices.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2825506/baht-tipped-to-rise-to-36-1-to-the-greenback

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