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The baht opened at 36.93 per dollar on April 24, stronger than the prior close of 37.07. The move followed weaker-than-expected US PMI data, which raised bets on two Fed cuts this year.
Foreign analysts had revised their baht forecasts to weaken to 37.50-38 per dollar in the second and third quarters.
Expectations for Fed easing shape dollar strength, which in turn sets the local cost of imported feed ingredients priced in dollars. The move is a routine daily FX update with no direct commodity impact.
en.moneyandbanking.co.thbank financeApr 24, 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.
