# USD/THB continues losing ground on soft USD data: Analytics and Market news from 16 May 2024 19:56

> The USD/THB pair fell to around 36.20 after weak US jobless claims and a soft Philadelphia Fed survey. The data increased bets that the Fed would cut rates sooner. Markets still expected easing to begin in September.

- Date: 2024-05-16 · published 2024-05-16T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/30570-usd-thb-continues-losing-ground-on-soft-usd-data-analytics-and-market-news-from
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer baht lowers the local cost of imported feed inputs in Thailand. The effect on global feed commodity prices is minimal.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-31 | [USD: Bear trend under way - ING: Analytics and Market news from 31 August 2020 11:38](https://feedsoft.ai/events/51793-usd-bear-trend-under-way-ing-analytics-and-market-news-from-31-august-2020-11-38.md) | +0.1% | +1.4% |
| DXY | 2023-10-10 | [USD/PEN declines amid dovish Fed, eyes on inflation data from the US: Analytics and Market news from 10 October 2023 21:42](https://feedsoft.ai/events/33902-usd-pen-declines-amid-dovish-fed-eyes-on-inflation-data-from-the-us-analytics.md) | -0.0% | -1.4% |
| DXY | 2022-10-04 | [EUR/USD keeps rising amid a weaker USD, approaches parity: Analytics and Market news from 4 October 2022 16:02](https://feedsoft.ai/events/9330-eur-usd-keeps-rising-amid-a-weaker-usd-approaches-parity-analytics-and-market.md) | +0.5% | +0.2% |
| DXY | 2024-08-02 | [EUR/USD bounces after NFP misfire pummels Greenback: Analytics and Market news from 2 August 2024 22:27](https://feedsoft.ai/events/9286-eur-usd-bounces-after-nfp-misfire-pummels-greenback-analytics-and-market-news.md) | -0.3% | -1.3% |
| DXY | 2020-12-04 | [USD: An important week for the dollar bear trend - ING: Analytics and Market news from 4 December 2020 12:07](https://feedsoft.ai/events/49847-usd-an-important-week-for-the-dollar-bear-trend-ing-analytics-and-market-news.md) | -0.0% | -1.0% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3963706

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