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The baht traded in a narrow range around 35.97 to 35.99 per dollar on July 30, after reaching a four-month high of 35.82 in mid-July. Thailand's Savings Bonds Sales Division plans to sell 40 billion baht of savings bonds with a maximum interest rate of 3.40% from August 13.
Analysts flagged possible baht weakness toward 36.25 ahead of Fed and BOJ meetings.
Baht depreciation raises the local cost of dollar-priced feed ingredients and fertiliser imports. The bond sale is a domestic financing move with little direct effect on feed commodity prices.
thailandnewsday.comJul 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.
