# Thai Baht Strengthens Against USD as Market Anticipates No Rate Cut by BOT - KAOHOON INTERNATIONAL

> 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.

- Date: 2024-04-10 · published 2024-04-10T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/31023-thai-baht-strengthens-against-usd-as-market-anticipates-no-rate-cut-by-bot
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Sources

- kaohooninternational.com: https://www.kaohooninternational.com/markets/538617

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