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The Bank of Thailand's financial markets director said the baht's depreciation slowed in April, falling 1.7% against the dollar versus 2.2% for the won. The baht had hit 37 per dollar, its weakest in six and a half months.
He expects the baht to recover in the second half as the economy improves.
A slower baht depreciation would ease the cost of imported feed inputs for Thai producers. The global commodity impact is negligible.
thethaiger.comAlex MorganMay 1, 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.
