# An improving outlook should support THB recovery in H2

> Monex Europe says the Thai baht, down almost 6% against the dollar this year, has likely seen its worst. It expects a more constructive external rate backdrop and firmer domestic conditions to support a recovery in the second half. The bank expects USDTHB to retrace lower over the medium term as Fed easing becomes clearer.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/30566-an-improving-outlook-should-support-thb-recovery-in-h2
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer baht lowers the local-currency cost of Thai feed and feed-ingredient imports, which eases pressure on Thai feed millers. The effect on global grain and meal prices is small.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- monexeurope.com: https://www.monexeurope.com/news-analysis/outlooks/an-improving-outlook-should-support-thb-recovery-in-h2/

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