# Thai Baht Seen Extending Losses After Dismal Start to 2024

> Thailand's baht is on track for its worst January since 2020, losing nearly 4% against the dollar. Global funds are pulling money out of Thai assets amid a public dispute between the government and the central bank over how to stimulate the slowing economy.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/32406-thai-baht-seen-extending-losses-after-dismal-start-to-2024
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht raises the cost of dollar-priced feed ingredients imported into Thailand, which can pressure local feed mill margins. The effect on global feed prices is small.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-01-29/thai-baht-seen-extending-losses-after-dismal-start-to-2024

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