# Daily Market Insight: 12 July 2024 | TMBThanachart (ttb)

> The baht was quoted at 36.08 to 36.14 per dollar on July 12 with support at 36.00 and resistance at 36.20. The SET Index rose 0.46% and the S&P 500 fell 0.88% on July 11. US June CPI rose 3.0% year on year, below expectations, and the dollar fell after the report.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29561-daily-market-insight-12-july-2024-tmbthanachart-ttb
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

The cooler US inflation print strengthens expectations of Fed cuts, which tends to weaken the dollar and support emerging-market currencies and commodity prices. Routine market levels like these have limited direct effect on feed prices.

## Read by commodity

- USDTHB: neutral

## Sources

- ttbbank.com: https://www.ttbbank.com/en/analytics/economic-finance/daily-market-insight/20240712-ttb-analytics-daily-market-insight

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