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Thailand's exports contracted 11% in March, below all forecasts in a Bloomberg survey. Vietnam's exports rose 10.6% in April, short of the 14% median estimate.
The Vietnamese dong hit a historic low earlier in April, and the Thai baht was at a six-month low.
Weak export data reduces dollar inflows to Thailand and Vietnam, which can limit their FX reserves and keep local currency costs of imported feed high. This mainly affects regional import purchasing power.
thestar.com.myClaire JiaoApr 29, 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.
