# Thai baht slips, most Asian currencies subdued ahead of US CPI - Finance Funds Update

> The Thai baht was the largest loser among subdued Asian currencies, down about 6.7% so far this year, as traders awaited US CPI data. Bets on a Fed rate cut in June fell to about 50% from near 60%. The Bank of Thailand was expected to hold rates for a third consecutive meeting.

- Date: 2024-04-09 · published 2024-04-09T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/31033-thai-baht-slips-most-asian-currencies-subdued-ahead-of-us-cpi-finance-funds
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Rising US rate expectations and a strong dollar increase the cost of dollar-priced feed imports in Thailand, a key Southeast Asian feed market. This is routine FX commentary with no direct grain or oilseed price impact.

## Sources

- financefundsupdate.com: https://financefundsupdate.com/currencies/thai-baht-slips-most-asian-currencies-subdued-ahead-of-us-cpi/

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