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BMI analysts say factors that supported the baht in the past are weakening. They cite US rate uncertainty and geopolitical tensions as temporary drags.
They expect the baht to trade sideways and reach 37.50 per dollar by year-end.
A weaker baht raises the cost of imported feed inputs for Thai producers, which can squeeze margins. The price impact on global feed commodities is limited.
bangkokpost.comBangkok Post Public Company LimitedMay 22, 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.
