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The Thai baht strengthened against the US dollar, trading at 36.29 per dollar after a 1.01% drop in the dollar the previous day. Traders read the move as a sign that the Bank of Thailand would not cut rates at its meeting that day.
Consensus forecasts expected the benchmark to stay at 2.50% in the second quarter.
Currency moves in Thailand's baht affect the cost of imported feed inputs and the competitiveness of Thai livestock and feed exports, but this routine FX move has no direct effect on grain or feed commodity prices.
kaohooninternational.comChom AttakornApr 10, 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.
